RAYONIER INC — Director's Dealing 2021

May 24, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAYONIER INC (RYN)
CIK: 0000052827
Period of Report: 2021-05-21

Reporting Person: Jones Scott R. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-21	Common Shares	A	2526	—	Acquired	25758	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	102	Indirect
Common Shares	5091	Indirect
Common Shares	480	Indirect
Common Shares	2000	Indirect
Common Shares	600	Indirect
Common Shares	1407	Indirect
Common Shares	1533	Indirect
Common Shares	480	Indirect
Common Shares	480	Indirect
Common Shares	564	Indirect
Common Shares	614	Indirect
Common Shares	460	Indirect
Common Shares	480	Indirect
Common Shares	5091	Indirect

Footnotes

F1: Restricted stock granted as compensation for serving as a member of the Board of Directors of the issuer. Such award vests immediately and is subject to restrictions on transfer until the earlier of four years from the date of the grant or upon a date six months following the date on which he ceases to serve as a member of the Board.

F2: Includes 564 Common Shares previously held by the reporting person as custodian for Dylan Jones - UTMA/MAIMA which were transferred to Brick Wall, LLC for which Dylan Jones in the sole beneficiary.