RAYONIER INC — Director's Dealing 2022

Apr 5, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAYONIER INC (RYN)
CIK: 0000052827
Period of Report: 2022-04-01

Reporting Person: NUNES DAVID L (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-04-01	Common Shares	A	38259	—	Acquired	311532	Direct
2022-04-01	Common Shares	F	4133	$41.82	Disposed	307399	Direct
2022-04-01	Common Shares	F	3881	$41.82	Disposed	303518	Direct
2022-04-02	Common Shares	F	2543	$41.82	Disposed	300975	Direct
2022-04-03	Common Shares	F	2433	$41.82	Disposed	298542	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	487.2667	Indirect
Common Shares	4000	Indirect
Common Shares	98533.33	Indirect
Common Shares	30000	Indirect

Footnotes

F1: Award of Restricted Stock Units. The units vest in four equal annual installments commencing on the first anniversary date of the grant subject to continued employment with the Company.

F2: Shares withheld to cover the tax withholding obligation due to the vesting of restricted stock.

F3: The beneficiary of one-third of The Nunes Children's Irrevocable Trust is the Reporting Person's minor child who resides within his household. As a result, the Reporting Person indirectly remains beneficial owner of the 98,533.33 Common Shares. The Reporting Person is not the trustee, settlor or beneficiary of The Nunes Children's Irrevocable Trust and disclaims any beneficial ownership therein.

F4: On November 3, 2021, the Reporting Person's spouse transferred 30,000 common shares, which the Reporting Person previously reported as indirectly owned through his spouse, to The Nunes Family Irrevocable Trust for which the Reporting Person serves as trustee and beneficiary.