Rayonier Management

Management criteria checks 3/4

Rayonier's CEO is Mark McHugh, appointed in Jan 2023, has a tenure of 1.83 years. total yearly compensation is $2.62M, comprised of 21.6% salary and 78.4% bonuses, including company stock and options. directly owns 0.07% of the company’s shares, worth €2.98M. The average tenure of the management team and the board of directors is 2.7 years and 4.5 years respectively.

Key information

Mark McHugh

Chief executive officer

US$2.6m

Total compensation

CEO salary percentage	21.6%
CEO tenure	1.8yrs
CEO ownership	0.07%
Management average tenure	2.7yrs
Board average tenure	4.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mark McHugh's remuneration changed compared to Rayonier's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$159m
Jun 30 2024	n/a	n/a	US$149m
Mar 31 2024	n/a	n/a	US$167m
Dec 31 2023	US$3m	US$565k	US$173m
Sep 30 2023	n/a	n/a	US$80m
Jun 30 2023	n/a	n/a	US$81m
Mar 31 2023	n/a	n/a	US$86m
Dec 31 2022	US$2m	US$544k	US$107m
Sep 30 2022	n/a	n/a	US$83m
Jun 30 2022	n/a	n/a	US$138m
Mar 31 2022	n/a	n/a	US$171m
Dec 31 2021	US$2m	US$521k	US$153m
Sep 30 2021	n/a	n/a	US$154m
Jun 30 2021	n/a	n/a	US$78m
Mar 31 2021	n/a	n/a	US$22m
Dec 31 2020	US$2m	US$501k	US$37m
Sep 30 2020	n/a	n/a	US$43m
Jun 30 2020	n/a	n/a	US$43m
Mar 31 2020	n/a	n/a	US$60m
Dec 31 2019	US$2m	US$464k	US$59m
Sep 30 2019	n/a	n/a	US$51m
Jun 30 2019	n/a	n/a	US$75m
Mar 31 2019	n/a	n/a	US$92m
Dec 31 2018	US$2m	US$427k	US$102m
Sep 30 2018	n/a	n/a	US$164m
Jun 30 2018	n/a	n/a	US$166m
Mar 31 2018	n/a	n/a	US$156m
Dec 31 2017	US$1m	US$412k	US$152m

Compensation vs Market: Mark's total compensation ($USD2.62M) is above average for companies of similar size in the German market ($USD1.97M).

Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.

CEO

Mark McHugh (48 yo)

1.8yrs

Tenure

US$2,621,309

Compensation

Mr. Mark D. McHugh has been the Chief Financial Officer and served as Senior Vice President at Rayonier Inc. a General Partner of Rayonier, L.P. since December 12, 2014. He serves as President at Rayonier...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mark McHugh	President	1.8yrs	US$2.62m	0.070% € 3.0m
Mark Bridwell	Senior VP	10.4yrs	US$1.32m	0.046% € 2.0m
Douglas Long	Executive VP & Chief Resource Officer	8.9yrs	US$2.24m	0.060% € 2.6m
W. Rogers	Senior Vice President of Portfolio Management	1.7yrs	US$1.49m	0.028% € 1.2m
April Tice	Senior VP	3.6yrs	no data	0.014% € 580.7k
Shelby Pyatt	Senior Vice President of Human Resources & Information Technology	10.3yrs	US$734.85k	0.030% € 1.3m
Collin Mings	Vice President of Capital Markets & Strategic Planning	no data	no data	no data
Vernon Hiott	Senior Vice President of Land Resources & Business Development	less than a year	no data	no data
Brendan Slui	Senior Vice President of Forest Resources	1.5yrs	no data	no data
Christopher Corr	Senior VP of Real Estate Development & President of Raydient	no data	US$843.24k	0.036% € 1.5m

2.7yrs

Average Tenure

53yo

Average Age

Experienced Management: RA6's management team is considered experienced (2.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Mark McHugh	President	less than a year	US$2.62m	0.070% € 3.0m
Scott Jones	Independent Non-Executive Chairman	10.4yrs	US$193.51k	0.036% € 1.6m
Gregg Gonsalves	Independent Director	2yrs	US$247.12k	0.0064% € 274.9k
Meridee Moore	Independent Director	3.8yrs	US$209.51k	0.062% € 2.7m
Keith Bass	Independent Director	6.9yrs	US$200.51k	0.017% € 708.9k
V. Martin	Independent Director	17.3yrs	US$193.51k	0.019% € 811.0k
Andrew Wiltshire	Independent Director	9.5yrs	US$199.51k	0.046% € 2.0m
Matthew Rivers	Independent Director	3.8yrs	US$199.51k	0.010% € 431.0k
Ann Nelson	Independent Director	4.5yrs	US$220.01k	0.019% € 801.2k

4.5yrs

Average Tenure

64yo

Average Age

Experienced Board: RA6's board of directors are considered experienced (4.5 years average tenure).

Rayonier Management

Management criteria checks 3/4

Key information

Recent management updates

Rayonier Inc., Annual General Meeting, May 16, 2024

Rayonier Inc. Appoints Mark D. McHugh as Member of the Board on April 1, 2024

Insufficient new directors

Rayonier Inc. Announces Chief Executive Officer Changes

CEO & Director recently sold €652k worth of stock

Rayonier Inc. Appoints Mark Mchugh to the Position of President

Recent updates

New major risk - Revenue and earnings growth

Rayonier Inc. Revises Unaudited Earnings Guidance for the Period Ended September 30, 2024

Dividend of US$0.28 announced

Rayonier Inc. to Report Q3, 2024 Results on Nov 06, 2024

Upcoming dividend of US$0.28 per share

New major risk - Revenue and earnings growth

New major risk - Revenue and earnings growth

Dividend of US$0.28 announced

Rayonier Inc. Announces Third Quarter Dividend, Payable on September 30, 2024

Rayonier Inc. to Report Q2, 2024 Results on Aug 07, 2024

Upcoming dividend of US$0.28 per share

Dividend of US$0.28 announced

Rayonier Declares Second Quarter 2024 Dividend, Payable on June 28, 2024

Rayonier Inc. to Report Q1, 2024 Results on May 01, 2024

Rayonier Inc., Annual General Meeting, May 16, 2024

Rayonier Inc. Appoints Mark D. McHugh as Member of the Board on April 1, 2024

Upcoming dividend of US$0.28 per share

Dividend of US$0.28 announced

Rayonier Inc. Announces First Quarter 2024 Cash Dividend, Payable on March 28, 2024

Rayonier Inc. Provides Earnings Guidance for the Year 2024

Insufficient new directors

Now 20% undervalued

Now 21% undervalued

Rayonier Inc. to Report Q4, 2023 Results on Jan 31, 2024

Now 21% undervalued

Rayonier Inc. Announces Special Dividend, Payable on January 12, 2024

Upcoming dividend of US$0.28 per share at 3.7% yield

Now 21% undervalued after recent price drop

Rayonier Inc. Announces Chief Executive Officer Changes

Rayonier Inc. Declares Fourth Quarter Cash Dividend, payable on December 29, 2023

Rayonier Inc. to Report Q3, 2023 Results on Nov 01, 2023

Upcoming dividend of US$0.28 per share at 3.8% yield

New minor risk - Earnings quality

Rayonier Inc. Revises Earnings Guidance for the Full Year 2023

Rayonier Inc. Declares Cash Dividend for the Third Quarter of 2023, Payable on September 29, 2023

Rayonier Inc. to Report Q2, 2023 Results on Aug 02, 2023

Upcoming dividend of US$0.28 per share at 3.7% yield

Rayonier Inc. Declares Second Quarter Cash Dividend, Payable on June 30, 2023

Now 21% undervalued after recent price drop

Now 22% undervalued after recent price drop

Upcoming dividend of US$0.28 per share at 3.4% yield

Rayonier Inc. Declares First Quarter Cash Dividend, Payable on March 31, 2023

CEO & Director recently sold €652k worth of stock

Rayonier Inc. Provides Earnings Guidance for the Year 2023

Rayonier Inc. Appoints Mark Mchugh to the Position of President

Rayonier Inc. to Report Q4, 2022 Results on Feb 01, 2023

Upcoming dividend of US$0.28 per share

Rayonier Inc. Announces Election of Gregg A. Gonsalves to Board of Directors

Rayonier Inc. (NYSE:RYN) entered into an agreement to acquire 163,000 Acres of Timberland located in Texas, Georgia, Alabama and Louisiana from Manulife Investment Management.

Rayonier Inc. Declares Cash Dividend for the Fourth Quarter of 2022, Payable on December 30, 2022

Rayonier Inc. to Report Q3, 2022 Results on Nov 02, 2022

Upcoming dividend of US$0.28 per share

Senior VP & CFO recently sold €280k worth of stock

Rayonier Inc. Revises Earnings Guidance for the Full Year 2022

Rayonier Inc. Declares Third Quarter Cash Dividend, Payable on September 30, 2022

Rayonier Inc. to Report Q2, 2022 Results on Aug 03, 2022

Upcoming dividend of US$0.28 per share

Independent Director recently bought €462k worth of stock

Rayonier Announces Quarterly Cash Dividend Payable on June 30, 2022

Rayonier Inc. to Report Q1, 2022 Results on May 04, 2022

Rayonier Inc., Annual General Meeting, May 19, 2022

Insider recently sold €672k worth of stock

Upcoming dividend of US$0.27 per share

Rayonier Announces First Quarter 2022 Dividend, Payable on March 31, 2022

Rayonier Inc. (NYSE : RYN) acquired 66,844 acres of timberland in Texas and Georgia from Nuveen Natural Capital for approximately $120 million.

Rayonier Inc. Provides Earnings Guidance for the Fiscal Year 2022

Upcoming dividend of US$0.27 per share

Senior VP & CFO recently sold €180k worth of stock

Upcoming dividend of US$0.27 per share