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: NUNES DAVID L (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-04-03	Common Shares	A	53544	—	Acquired	370465	Direct
2023-04-01	Common Shares	F	4133	$33.26	Disposed	366332	Direct
2023-04-01	Common Shares	F	5971	$33.26	Disposed	360361	Direct
2023-04-01	Common Shares	F	3881	$33.26	Disposed	356480	Direct
2023-04-01	Common Shares	F	3764	$33.26	Disposed	352716	Direct
2023-04-02	Common Shares	F	2543	$33.26	Disposed	350173	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	521.3318	Indirect
Common Shares	4000	Indirect
Common Shares	74900.67	Indirect
Common Shares	10000	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: Previously reported holdings of the Reporting Person were inadvertently omitted on the Form 4 filed on February 3, 2023.

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

F4: Previously reported holdings of the Reporting Person were inadvertently omitted on the Form 4 filed on January 31, 2023.

F5: 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 74,900.67 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.