Bridwell Mark R 4

What Happened Mark R. Bridwell, EVP, General Counsel and Secretary of Rayonier Inc. (RYN), received an award of 27,411 shares on January 30, 2026. The filing lists the acquisition price as $0.00 because these shares represent performance share units (PSUs) that were deemed achieved in connection with a merger; they remain subject to time-based vesting on their original vesting dates.

Key Details

• Transaction date: 2026-01-30; Transaction type: Award/Grant (code A); Price reported: $0.00.
• Grant size and vesting schedule (per filing): 27,411 total PSUs, vesting as 8,296 on 4/1/2026, 8,854 on 4/1/2027, and 10,261 on 4/1/2028.
• Footnote: Following the October 13, 2025 Agreement and Plan of Merger with Potlatchdeltic, each PSU was deemed achieved based on the greater of target and actual performance; after that change of control, awards remained subject only to time-based vesting.
• No immediate sale or cashless exercise reported; filing does not show a market-value cash transaction and does not indicate a late filing.

Context These shares originated as performance-based equity that, because of the merger, were treated as achieved (performance condition satisfied) and converted into time-vested awards. That means Bridwell did not buy stock on the open market — the award’s future value depends on Rayonier’s share price and the PSUs’ vesting dates. Such merger-driven conversions are common in change-of-control situations and are not a direct bullish purchase signal by the insider.