A Form 4 filed on August 28, 2026, with the SEC discloses that Christopher W. Sittard, Vice President of Sourcing at Rayonier Advanced Materials Inc. (NYSE:RYAM), was granted 2,889 Performance-Based Leveraged Performance Units on August 27, 2026.

Key Highlights

  • Award type: 2,889 Performance-Based Leveraged Performance Units (LPUs) acquired on August 27, 2026, under transaction code A (acquired).
  • Plan source: The LPUs were granted pursuant to the Rayonier Advanced Materials Inc. 2023 Incentive Stock Plan, according to the filing.
  • Contingent right: Each LPU represents a contingent right to receive one share of Rayonier Advanced Materials Inc. common stock upon vesting, subject to specified performance criteria and continued employment.
  • Payout range: The number of shares ultimately earned may range from 0% to 250% of the target award based on the company's stock price appreciation during a three-year performance period.
  • Price of derivative security: Listed as $0.0000 in the filing.
  • Resulting ownership: Sittard directly holds 2,889 LPUs following this transaction, per the filing.

LPU Grant Details for Rayonier Advanced Materials VP of Sourcing

According to the Form 4 filed by Brenda K. Davis as Attorney-in-Fact for Christopher W. Sittard, the transaction reported is an acquisition of derivative securities. Sittard, identified in the filing as Vice President, Sourcing at Rayonier Advanced Materials Inc. (NYSE:RYAM), received 2,889 Performance-Based LPUs on August 27, 2026. No shares of non-derivative common stock were reported as acquired or disposed of in Table I of the filing.

The filing explains that the LPUs were granted pursuant to the Rayonier Advanced Materials Inc. 2023 Incentive Stock Plan. Each LPU, according to the filing, "represents a contingent right to receive one share of Rayonier Advanced Materials Inc. common stock upon vesting, subject to the achievement of specified performance criteria and continued employment." The underlying security tied to the derivative award is common stock, with 2,889 shares as the referenced amount.

The filing further discloses that "the number of shares ultimately earned may range from 0% to 250% of the target award based on the Company's stock price appreciation during the three-year performance period." The target award reported consists of 2,889 LPUs. Sittard's resulting direct beneficial ownership of LPUs following the transaction is listed as 2,889. The filing was signed and submitted on August 28, 2026.

What Was Disclosed

The filing reports a single derivative security acquisition: 2,889 Performance-Based LPUs granted to Christopher W. Sittard, Vice President of Sourcing at Rayonier Advanced Materials Inc., on August 27, 2026, under the company's 2023 Incentive Stock Plan.