RAYONIER INC — Director's Dealing 2023

Apr 4, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAYONIER INC (RYN)
CIK: 0000052827
Period of Report: 2023-04-01

Reporting Person: McHugh Mark (President and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-04-03	Common Shares	A	19608	—	Acquired	113745	Direct
2023-04-01	Common Shares	F	1488	$33.26	Disposed	112257	Direct
2023-04-01	Common Shares	F	2209	$33.26	Disposed	110048	Direct
2023-04-01	Common Shares	F	1392	$33.26	Disposed	108656	Direct
2023-04-01	Common Shares	F	1412	$33.26	Disposed	107244	Direct
2023-04-02	Common Shares	F	735	$33.26	Disposed	106509	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	33.251	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: Number of common shares decreased by 40 common shares, in addition to the transactions reported on this Form 4, to correct for a prior mathematical error on a Form 4 filed on April 5, 2022.

F3: Shares withheld to cover the tax withholding obligation due to the vesting of restricted stock.