Douglas M. Long - 30 Jan 2026 Form 4 Insider Report for RAYONIER INC (RYN)

Role: Executive VP & CRO
Signature: /s/ Sarah E. Miles / Attorney-In-Fact
Issuer symbol: RYN
Transactions as of: 30 Jan 2026
Net transactions value: $0
Form type: 4
Filing time: 03 Feb 2026, 16:34:02 UTC
Previous filing: 23 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Long Douglas M	Executive VP & CRO	1 RAYONIER WAY, WILDLIGHT	/s/ Sarah E. Miles / Attorney-In-Fact	03 Feb 2026	0001625092

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RYN	Common Shares	Award	$0	+46,896	+37%	$0.000000	173,658	30 Jan 2026	Direct	F1, F2
holding	RYN	Common Shares						17,488	30 Jan 2026	In Trust

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Douglas M. Long is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	In connection with the terms of the Agreement and Plan of Merger, dated October 13, 2025, by and among Rayonier Inc. ("Registrant"), Potlatchdeltic Corporation ("Potlatch"), and Redwood Merger Sub, LLC, a direct, wholly owned subsidiary of Registrant ("Merger Sub"), Potlatch merged with and into Merger Sub, with Merger Sub surviving as a direct, wholly owned subsidiary of the Registrant (the "Effective Time" and such transaction, the "Merger"). As a result of the Merger, at the Effective Time, a change of control was deemed to occur for each outstanding performance share unit ("PSU") award issued by the Registrant, resulting in each PSU award being deemed achieved based on the greater of target and actual performance. As a result, at the Effective Time, each PSU award was only subject to a time-based vesting condition based on the original vesting date of the PSU prior to the Effective Time.
F2	The Reporting Person held 12,821 PSUs, 15,784 PSUs and 18,291 PSUs that will vest on April 1, 2026, April 1, 2027 and April 1, 2028, respectively.

Content

In connection with the terms of the Agreement and Plan of Merger, dated October 13, 2025, by and among Rayonier Inc. ("Registrant"), Potlatchdeltic Corporation ("Potlatch"), and Redwood Merger Sub, LLC, a direct, wholly owned subsidiary of Registrant ("Merger Sub"), Potlatch merged with and into Merger Sub, with Merger Sub surviving as a direct, wholly owned subsidiary of the Registrant (the "Effective Time" and such transaction, the "Merger"). As a result of the Merger, at the Effective Time, a change of control was deemed to occur for each outstanding performance share unit ("PSU") award issued by the Registrant, resulting in each PSU award being deemed achieved based on the greater of target and actual performance. As a result, at the Effective Time, each PSU award was only subject to a time-based vesting condition based on the original vesting date of the PSU prior to the Effective Time.

The Reporting Person held 12,821 PSUs, 15,784 PSUs and 18,291 PSUs that will vest on April 1, 2026, April 1, 2027 and April 1, 2028, respectively.