# EDGAR Filing Document

**Accession Number:** 0001597672
**File Stem:** 0001214659-26-007670
**Filing Date:** 2026-6
**Character Count:** 51715
**Document Hash:** ac171ac49f7d9ca7c214b4830dde639d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001214659-26-007670.hdr.sgml**: 20260623

**ACCESSION NUMBER**: 0001214659-26-007670

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 15

**FILED AS OF DATE**: 20260623

**DATE AS OF CHANGE**: 20260623

**EFFECTIVENESS DATE**: 20260623

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RAYONIER ADVANCED MATERIALS INC.
- **CENTRAL INDEX KEY:** 0001597672
- **STANDARD INDUSTRIAL CLASSIFICATION:** PULP MILLS [2611]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 464559529
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-296981
- **FILM NUMBER:** 261112145

**BUSINESS ADDRESS:**
- **STREET 1:** 1301 RIVERPLACE BOULEVARD
- **STREET 2:** SUITE 2300
- **CITY:** JACKSONVILLE
- **STATE:** FL
- **ZIP:** 32207
- **BUSINESS PHONE:** (904) 357-4600

**MAIL ADDRESS:**
- **STREET 1:** 1301 RIVERPLACE BOULEVARD
- **STREET 2:** SUITE 2300
- **CITY:** JACKSONVILLE
- **STATE:** FL
- **ZIP:** 32207

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Rayonier Holding Co
- **DATE OF NAME CHANGE:** 20140121

Registration No. 333-_______

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM S-8**

**REGISTRATION STATEMENT**

*UNDER*

*THE SECURITIES ACT OF 1933*

**RAYONIER ADVANCED MATERIALS INC.**

**(Exact name of registrant as specified in its charter)**

---

| | |
|:---|:---|
| **Delaware** | **46-4559529** |
| **(State or other jurisdiction of incorporation or organization)** | **(I.R.S. Employer Identification No.)** |

---

---

| | |
|:---|:---|
| **1301 Riverplace Boulevard,**<br> **Suite 2300**<br> **Jacksonville, FL**<br> **(Address of Principal Executive Offices)** | **32207**<br> **(Zip Code)** |

---

**Inducement Leveraged Performance Unit Award**

**(Full title of the plan)**

**Richard Colby Slaughter**

**Senior Vice President, General Counsel and Corporate Secretary**

**1301 Riverplace Boulevard, Suite 2300**

**Jacksonville, Florida 32207**

**(Name and address of agent for service)**

**(904) 357-4600**

**(Telephone number, including area code, of agent for service)**

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer ◻ Accelerated filer ⌧ <br> Non-accelerated filer ◻ Smaller reporting company ◻ <br> Emerging growth company ◻

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ◻

**EXPLANATORY NOTE**

Effective June 22, 2026, the Board of Directors ("Board") of Rayonier Advanced Materials Inc. (the "Registrant" or the "Company") appointed Daniel Krawczyk as its President and Chief Executive Officer ("CEO"), and effective June 23, 2026, the Company granted Mr. Krawczyk an award of leveraged performance units ("LPUs"). This Registration Statement on Form S-8 is being filed to register up to a maximum amount of 505,460 shares of common stock, par value $0.01 per share, of the Company ("Common Stock") issuable pursuant to the LPU award granted outside of the Company's 2023 Incentive Stock Plan, as amended and restated, in connection with Mr. Krawczyk's appointment as President and CEO (the "Inducement Award"). The Inducement Award was granted in reliance on New York Stock Exchange ("NYSE") Listing Rule 303A.08, which exempts "employment inducement awards" from the general requirement under NYSE Listing Rules that all equity compensation plans be approved by stockholders.

Pursuant to the terms and conditions of the Inducement Leveraged Performance Unit Award Agreement (the "Award Agreement"), Mr. Krawczyk will receive a grant of 202,184 LPUs at target with a three-year performance period ending June 23, 2029 and a one-year post-vest holding requirement. The actual number of LPUs earned will be based on share price growth, as measured against the performance objectives set forth in the Award Agreement (filed herewith) over the three-year performance period. The maximum amount of shares that may be earned under the Inducement Award is 505,460 shares, which is subject to a value cap of 15x the initial grant value. Earned LPUs will be settled in shares of Common Stock. The actual number of shares earned, if any, will be determined following the completion of the three-year performance period.

**PART I**

**INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS**

The document(s) containing the information concerning the Inducement Award required by Item 1 of Form S-8 and the statement of availability of registrant information, inducement award information and other information required by Item 2 of Form S-8 will be sent or given to the recipient, as specified by Rule 428 under the Securities Act of 1933, as amended (the "Securities Act"). In accordance with Rule 428 and the requirements of Part I of Form S-8, such documents are not being filed with the U.S. Securities and Exchange Commission (the "Commission") either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities Act. The Registrant will maintain a file of such documents in accordance with the provisions of Rule 428. Upon request, the Registrant will furnish to the Commission or its staff a copy of any or all of the documents included in such file.

**PART II**

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

**Item 3.** **Incorporation of Documents by Reference.**

The following documents filed with the Commission pursuant to the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"), by the Registrant are incorporated in this Registration Statement by reference and shall be deemed to be a part hereof; provided, however, that any reports or portions thereof that are furnished, including under Item 2.02 or Item 7.01 of a Current Report on Form 8-K and any exhibits included with such items, shall not be deemed incorporated by reference in this Registration Statement:

(a) The Registrant's [Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the Commission on March 5, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001597672/000159767226000010/ryam-20251231.htm) ;

(b) The information specifically incorporated by reference into the Registrant's Annual Report on Form 10-K for the year ended December 31, 2025 from the Registrant's [Definitive Proxy Statement on Schedule 14A, as filed with the Commission on March 30, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001597672/000114036126011995/ny20065830x2_def14a.htm) , and [as supplemented on April 24, 2026](https://www.sec.gov/Archives/edgar/data/1597672/000114036126016754/ef20071488_defa14a.htm) ;

(c) The Registrant's [Quarterly Report on Form 10-Q for the quarter ended March 28, 2026, as filed with the Commission on May 6, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001597672/000159767226000015/ryam-20260328.htm) ;

(d) The Registrant's Current Reports on Form 8-K filed with the Commission on [January 5, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001597672/000114036126000258/ef20038813_8k.htm) , [January 12, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001597672/000159767226000003/ryam-20260111.htm) , [April 21, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001597672/000114036126015919/ef20071098_8k.htm) , [April 24, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001597672/000114036126016749/ef20071435_8k.htm) , [May 18, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001597672/000159767226000019/ryam-20260513.htm) and [June 22, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001597672/000114036126025848/ef20076543_8k.htm) ; and

(e) The description of the Registrant's capital stock contained in the Registrant's [Registration Statement on Form 10 filed with the Commission on January 29, 2014](https://www.sec.gov/Archives/edgar/data/1597672/000119312514025522/d656767d1012b.htm) , as amended by [Amendment No. 1 filed on March 31, 2014](https://www.sec.gov/Archives/edgar/data/1597672/000119312514124157/d656767d1012ba.htm) , [Amendment No. 2 filed on April 23, 2014](https://www.sec.gov/Archives/edgar/data/1597672/000119312514154456/d656767d1012ba.htm) , [Amendment No. 3 filed on May 13, 2014](https://www.sec.gov/Archives/edgar/data/1597672/000119312514197139/d656767d1012ba.htm) and [Amendment No. 4 filed on May 29, 2014](https://www.sec.gov/Archives/edgar/data/1597672/000119312514217351/d656767d1012ba.htm) , as updated by the description of the Common Stock contained in [Exhibit 4.1 to the 2024 Form 10-K](https://www.sec.gov/Archives/edgar/data/1597672/000159767225000008/ex41descriptionofcommonsto.htm) , and any amendment or report filed for the purpose of updating such description.

All documents filed by the Registrant with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act (other than any such documents or portions thereof that are furnished under Item 2.02 or Item 7.01 of a Current Report on Form 8-K, unless otherwise indicated therein, including any exhibits included with such Items) subsequent to the filing of this Registration Statement and prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities offered hereby have been sold, or which deregisters all securities then remaining unsold, shall be deemed to be incorporated in this Registration Statement by reference and to be a part hereof from the date of filing of such documents.

Any statement contained in this Registration Statement, in an amendment hereto or in a document incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any subsequently filed amendment to this Registration Statement or in any document that also is incorporated by reference herein modifies or supersedes such statement.

**Item 4.** **Description of Securities.**

Not applicable.

**Item 5.** **Interests of Named Experts and Counsel.**

The legality of the issuance of the Common Stock being registered has been passed upon for the Registrant by Richard Colby Slaughter, Senior Vice President, General Counsel and Corporate Secretary of the Registrant. Mr. Slaughter is employed by the Registrant, participates in various employee benefit plans of the Registrant under which he may receive shares of Common Stock or restricted stock units, options to purchase shares of Common Stock or other types of equity awards, and currently beneficially owns less than 1% of the outstanding shares of Common Stock.

**Item 6.** **Indemnification of Directors and Officers.**

The Registrant is incorporated under the laws of the State of Delaware.

As permitted by Delaware law, the Registrant's amended and restated certificate of incorporation, as amended (the "certificate of incorporation"), provides that directors and officers of the Registrant will not be personally liable to the Registrant or its stockholders for monetary damages for breach of their fiduciary duties as directors, except for liability:

• for any breach of their duty of loyalty to the Registrant or its stockholders;

• for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law;

• of a director under Section 174 of the Delaware General Corporation Law ("DGCL") relating to unlawful payments of dividends or unlawful stock repurchases or redemptions;

• for any transaction from which the director or officer derived an improper personal benefit; or

• of an officer in any action by or in the right of the Registrant.

The limitation of liability does not apply to liabilities arising under the federal or state securities laws and does not affect the availability of equitable remedies, such as injunctive relief or rescission.

The Registrant's certificate of incorporation and amended and restated bylaws include provisions that indemnify, to the fullest extent allowable under the DGCL, the personal liability of directors or officers for monetary damages for actions taken as a director or officer of the Registrant, or for serving at the Registrant's request as a director or officer or another position at another corporation or enterprise, as the case may be. The Registrant's certificate of incorporation and amended and restated bylaws also provide that the Registrant must indemnify and advance reasonable expenses to its directors and officers, subject to its receipt of an undertaking from the indemnified party as may be required under the DGCL. The Registrant's certificate of incorporation expressly authorizes the Registrant to carry directors' and officers' insurance to protect it, its directors, officers and certain employees for some liabilities.

The foregoing is only a general summary of certain aspects of Delaware law and the Registrant's certificate of incorporation and amended and restated bylaws dealing with indemnification of directors and officers and does not purport to be complete.

**Item 7.** **Exemption from Registration Claimed.**

Not applicable.

**Item 8.** **Exhibits.**

See the Exhibit Index, which is incorporated herein by reference.

**Item 9.** **Undertakings.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The undersigned Registrant hereby undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of a prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective Registration Statement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement;

*provided*, *however*, that the paragraphs (a)(1)(i) and (a)(1)(ii) above do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the Registration Statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial *bona fide* offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Insofar as indemnification for liabilities arising under the Securities Act of 1933, may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act of 1933 and will be governed by the final adjudication of such issue.

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit**<br> **Number** | **Description** |
| 4.1 | [Amended and Restated Certificate of Incorporation of Rayonier Advanced Materials Inc., as amended (incorporated herein by reference to Exhibit 3.1 to the Annual Report on Form 10-K filed by the Registrant with the Commission on March 6, 2025).](https://www.sec.gov/Archives/edgar/data/1597672/000159767225000008/ex31amendedandrestatedcert.htm) |
| 4.2 | [Amended and Restated Bylaws of Rayonier Advanced Materials Inc., effective October 19, 2022 (incorporated herein by reference to Exhibit 3.1 to the Current Report on Form 8-K filed by the Registrant with the Commission on October 19, 2022).](https://www.sec.gov/Archives/edgar/data/1597672/000119312522265314/d410345dex31.htm) |
| 4.3 | [Rayonier Advanced Materials Inc. Inducement Leveraged Performance Unit Award Agreement between Rayonier Advanced Materials Inc. and Daniel Krawczyk, filed herewith.](ex4_3.htm) |
| 5.1 | [Opinion of Counsel as to the legality of securities, filed herewith.](ex5_1.htm) |
| 23.1 | [Consent of Grant Thornton LLP, filed herewith.](ex23_1.htm) |
| 23.2 | [Consent of Counsel, filed herewith (included in Exhibit 5.1).](ex5_1.htm) |
| 24.1 | [Powers of Attorney, filed herewith (included on the signature page of this Registration Statement).](#poa) |
| 107 | [Filing Fee Table, filed herewith.](ex-filingfees.htm) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Jacksonville, State of Florida on June 23, 2026.

---

| | |
|:---|:---|
| Rayonier Advanced Materials Inc. | Rayonier Advanced Materials Inc. |
| By: | /s/ Richard Colby Slaughter |
|  | Richard Colby Slaughter |
|  | Senior Vice President, General Counsel and Corporate Secretary |

---

**POWER OF ATTORNEY**

KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints each of Daniel Krawczyk, Marcus J. Moeltner and Richard Colby Slaughter as his or her true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution for him or her and in his or her name, place and stead, in any and all capacities to sign any and all amendments (including all pre-effective and post-effective amendments) to this Registration Statement (and to any registration statement filed pursuant to Rule 462 under the Securities Act of 1933, as amended), and to file the same, with all exhibits thereto, and other documents in connection therewith, with the U.S. Securities and Exchange Commission, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or their substitutes, each acting alone, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities indicated on June 23, 2026.

---

| | |
|:---|:---|
| **Signature** | **Title** |
| /s/ Daniel Krawczyk | President and Chief Executive Officer and Director |
| Daniel Krawczyk | (Principal Executive Officer) |
| /s/ Marcus J. Moeltner | Chief Financial Officer and Senior Vice President, Finance |
| Marcus J. Moeltner | (Principal Financial Officer) |
| /s/ Jared Rollins | Chief Accounting Officer and Vice President, Corporate Controller |
| Jared Rollins | (Principal Accounting Officer) |
| /s/ Julie A. Dill | Chair of the Board, Director |
| Julie A. Dill |  |
| /s/ Eric M. Bowen | Director |
| Eric M. Bowen |  |
| /s/ Charles R. Eggert | Director |
| Charles R. Eggert |  |
| /s/ James F. Kirsch | Director |
| James F. Kirsch |  |
| /s/ David C. Mariano | Director |
| David C. Mariano |  |
| /s/ Lisa M. Palumbo | Director |
| Lisa M. Palumbo |  |
| /s/ Ivona Smith | Director |
| Ivona Smith |  |
| /s/ Bryan D. Yokley | Director |
| Bryan D. Yokley |  |
| Bryan D. Yokley |  |

---

## Exhibit 4.3

**Exhibit 4.3**

**Rayonier Advanced Materials Inc.**

**Inducement Leveraged Performance Unit Award Agreement**

This Leveraged Performance Unit Award Agreement (this "Award Agreement") is entered into by and between Rayonier Advanced Materials Inc., a Delaware corporation (the "Company"), and Daniel Krawczyk (the "Participant"), effective as of June 23, 2026 (the "Effective Date"). This award is not made pursuant to the terms of the Rayonier Advanced Materials Inc. 2023 Incentive Stock Plan, as amended (the "Plan"); nevertheless, certain provisions of the Plan are incorporated herein by reference, as provided below.

W I T N E S S E T H :

WHEREAS, the Compensation and Management Development Committee of the Board of Directors of the Company (the "Committee"), desires to advance the best interests of the Company by recognizing the responsibilities and expected contributions of the Participant;

WHEREAS, the Committee has determined that it is appropriate to grant the Participant a performance-based stock award in the form of Leveraged Performance Units ("LPUs"), subject to all terms and conditions of this Award Agreement, including Schedule A, the Plan, and any appendix hereto (collectively the "Award"); and

WHEREAS, the Committee has approved this Award as an "employment inducement award" pursuant to NYSE Rule 303A.08 (or any successor provision) in connection with the Participant's commencement of employment as President and Chief Executive Officer of the Company, and therefore not as part of the Plan or any stockholder-approved equity incentive plan of the Company.

WHEREAS, this Award Agreement is intended to evidence the terms and conditions of such inducement award.

NOW, THEREFORE, in consideration of the mutual promises contained herein, the parties agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Definitions

All capitalized terms used herein that are not expressly defined in this Award Agreement or by explicit cross-reference to another plan or agreement shall have the same meaning set forth in the Plan, a copy of which has been provided to Participant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Award of Stock; Vesting</u>

(a) <u>Stock Awarded</u>. Participant is hereby awarded 202,184 LPUs as of the Effective Date, representing the Participant's target inducement award, subject in all respects to the terms and conditions of this Award Agreement, including Schedule A and the Plan. Each LPU represents the right to receive one share of the Company's common stock, par value $0.01 per share (the "Stock"), if earned.

(b) <u>Vesting</u>. Participant shall become vested with respect to, and thereupon have a non-forfeitable right to, the shares of Stock underlying the LPUs granted pursuant to Section 2(a) subject to the terms and conditions of this Award Agreement and based on achievement of the performance objectives measured over the specified Performance Period, as set forth in Schedule A, which is incorporated into and made part of this Award Agreement. Any LPUs earned based on achievement of the performance objectives will vest on the third anniversary of the Effective Date, or if later upon the Committee's certification of performance results and the number of earned LPUs, if any (the "Vesting Date"); *provided that*, Participant shall have remained continuously in the employ of the Company (or any Participating Company) from the Effective Date through the Vesting Date, except as provided in Section 2(c). Vested shares will be delivered on or promptly following the Vesting Date, with delivery of such shares to occur no later than fifteen (15) calendar days following the Vesting Date.

(c) <u>Termination of Employment</u>. (i) Except as otherwise determined by the Committee in its sole discretion consistent with the provisions of Section 6(b) or Section 8(h) of the Plan, if Participant's employment with the Company or any Participating Company, as applicable, is terminated for any reason before the Vesting Date, then all of the LPUs subject to this Award Agreement, and all dividend equivalents and accrued earnings thereon, if any, shall immediately be forfeited to the Company, and Participant shall have no further rights to such LPUs, the underlying shares of Stock or any dividend equivalents or accrued earnings thereon from and after the date of such termination. Notwithstanding the foregoing, (a) if Participant's employment is involuntarily terminated without Cause (as defined in the Company's Non-Change in Control Executive Severance Plan (the "Non-CIC Plan")), the terms set forth below in Section 2(c)(ii) shall apply to this Award, and (b) in the event of a Change in Control (as defined in the Company's Amended and Restated Executive Severance Pay Plan (the "CIC Plan")), the terms set forth below in Section 2(c)(iii) shall apply to this Award. If any portion of the Award vests under Sections 2(c)(ii) or (iii) below, the Participant shall also be entitled to any accrued dividend equivalents and interest thereon pursuant to Section 3(c) below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) In the event of Participant's termination of employment by the Company without Cause, where such termination does not qualify as a Qualifying Termination under the CIC Plan, then the Performance Period shall be deemed to end as of the date of the termination and the Participant shall receive, within sixty (60) days following the date of termination, payout of the Award based on actual performance achievement during the Performance Period through the date of the termination (i.e., performance achievement shall be determined based on the average of the closing market price of the Stock on the last 20 trading days prior to the date of termination), and any such payout shall be prorated based on the number of full calendar months and any fraction thereof that Participant is employed as President and Chief Executive Officer during the Performance Period. Notwithstanding the foregoing to the contrary, the Participant shall be entitled to the benefit provided under Section 3.3 of the Non-CIC Plan in lieu of the benefit provided in this Section 2(c)(ii) if Section 3.3 of the Non-CIC Plan affords the Participant a greater benefit than this Section 2(c)(ii).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) In the event of a Change in Control, the Award shall be treated as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If this Award is assumed by the surviving entity or otherwise equitably converted or substituted in connection with a Change in Control and within two years after the effective date of the Change in Control, Participant's employment is terminated and such termination is a Qualifying Termination (as defined in the CIC Plan), then: (1) if the Performance Period is more than 50% completed at the date of the Qualifying Termination, the Performance Period shall be deemed to end as of the date of the Qualifying Termination and the Participant shall receive, within sixty (60) days following the date of the Qualifying Termination, the greater of: (x) payout of the Award based on actual performance achievement during the Performance Period through the date of Qualifying Termination (i.e., performance achievement shall be determined based on the average of the closing market price of the Stock on the last 20 trading days prior to the date of termination) and (y) payout of the Award at target; and (2) if the Performance Period is not more than 50% completed at the date of the Qualifying Termination, the Participant shall receive, within sixty (60) days following the date of the Qualifying Termination, payout of the Award at target.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If this Award is not assumed by the surviving entity or otherwise equitably converted or substituted in connection with the Change in Control, (1) if the Performance Period is more than 50% completed at the date of the Change in Control, the Performance Period shall be deemed to end as of the date of the Change in Control and the Participant shall receive, within sixty (60) days following the date of the Change in Control, the greater of: (x) payout of the Award based on actual performance achievement during the Performance Period through the date of the Change in Control (i.e., performance achievement shall be determined based on the average of the closing market price of the Stock on the last 20 trading days prior to the date of the Change in Control)and (y) the Award at 100% of target performance; and (2) if the Performance Period is not more than 50% completed at the date of the Change in Control, the Participant shall receive, within sixty (60) days following the date of the Change in Control, payout of the Award at target.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Payout of the Award pursuant to Section 2(c) is contingent upon Participant's execution and non-revocation of a waiver and full release of claims against the Company.

(d) <u>Withholding Taxes</u>. On the Vesting Date, or at any other time when withholding is required under the Code or under the applicable provisions of any Applicable Law, including any federal, provincial, state or local law, relating to the withholding of tax or other required deductions, including on the amount, if any, includable in the income of Participant, the Company shall have the right to require Participant to pay to the Company the amount of taxes that the Company is required to withhold as a condition precedent to the payment of the Award. In the Committee's discretion, the Company shall have the right to retain, or sell without notice, a sufficient number of shares of Stock underlying the then vesting LPUs held by Participant to cover the amount required to be withheld, or to withhold such amount from any other amounts due to Participant by the Company, subject to Applicable Law. The Committee may, in its discretion, require or permit Participant to elect, subject to such conditions as the Committee shall impose, (i) to have shares of Stock otherwise issuable pursuant to the Award withheld by the Company or (ii) to deliver to the Company previously acquired shares of Stock (through actual tender or attestation), in either case for the greatest number of whole shares having a Fair Market Value on the date immediately preceding the Vesting Date not in excess of the amount to be used for tax withholding, in the Committee's discretion, subject to Applicable Law. The Company may deduct from all dividend equivalents paid with respect to vested LPUs granted hereunder, and from any earnings deemed accrued thereon as hereinafter provided, the amount of taxes, if any, that the Company is required to withhold with respect to such amounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Restrictions; Stockholder Rights; Dividends</u>

(a) <u>Sale; Exchange, etc</u>. Participant acknowledges and agrees that prior to the Vesting Date the LPUs are subject to a restriction against sale, exchange, hypothecation, assignment, transfer (including by gift), pledge or other encumbrance (each, a "Transfer"), except as provided in Section 17(f) of the Plan with the prior written consent of the Committee, which consent shall require of the proposed transferee an undertaking to be bound by the terms of this Award Agreement, including forfeiture upon the termination of the employment of Participant before the Vesting Date. Any Transfer of vested LPUs shall only be undertaken in compliance with Applicable Law, including applicable securities laws and Company policies. Participant acknowledges that Participant will continue to be subject to any applicable provisions of the Plan, including without limitation Sections 15 and 16 of the Plan, notwithstanding the vesting or Transfer of any such LPUs.

(b) <u>Stockholder Rights</u>. Participant, as the owner of LPUs granted hereunder, shall not have any rights of a stockholder, including but not limited to, the right to vote or, subject to Section 3(c) below, the right to receive dividends until the issuance of Stock to Participant in respect of such Award.

(c) <u>Dividend Equivalents</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Dividends</u>. In the event a cash dividend is declared and paid with respect to the Stock while the LPUs are outstanding and unvested, then following the Vesting Date, Participant shall be entitled to payment of (a) dividend equivalents with respect to any shares of Stock earned and paid pursuant to this Award Agreement, and (b) accrued interest with respect to any such dividend equivalents, with such interest calculated in accordance with Section 3(c)(ii) below. Any dividend equivalents, plus any accrued interest, that are earned pursuant to this Award shall be paid in cash on the Payout Date (as defined in Section 3(c)(iii) below). For purposes of clarity, dividend equivalents shall only be paid to the extent any shares of Stock are earned and paid pursuant to the terms of this Award Agreement, and in the event no shares of Stock are so earned or paid, then Participant will not be entitled to payment of any dividend equivalents or accrued earnings with respect to this Award.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Interest on Withheld Cash Dividends</u>. Participant shall be credited and paid a cash amount equal to the amount of interest that would have accrued on all dividend equivalents earned under Section 3(c)(i) and paid in cash in respect of Stock vested on the Vesting Date, had (a) all shares of Stock earned pursuant to this Award been outstanding since the Effective Date and (b) all such dividend equivalents earned interest at a rate equal to prime rate as reported in the Wall Street Journal, adjusted and compounded annually, from the date such cash dividends were paid by the Company on the Stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>Payout Date</u>. The date of payment to Participant (the "Payout Date") of dividend equivalents and accrued earnings thereon, if any, shall be not later than fifteen (15) days following the Vesting Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) <u>Unfunded Obligation</u>. Insofar as this Section 3(c) provides for payments to Participant in cash, this obligation shall be unfunded and, in particular, the Company shall not be obligated to segregate amounts in respect of the dividend equivalents earned on the Stock or any amount in respect of interest deemed to accrue hereunder. Although bookkeeping accounts may be established with respect to Participant by virtue of the operations of this Section 3(c), any such accounts are merely a bookkeeping convenience. Any liability of the Company to Participant shall be based solely upon the contractual obligation arising under this Award Agreement.

(d) <u>Post-Vesting Holding Requirement</u>. Notwithstanding anything in this Award Agreement to the contrary, any shares of Stock issued to the Participant upon vesting and settlement of this Award, net of shares withheld to satisfy tax withholding obligations, may not be sold, transferred, pledged, hedged, or otherwise disposed of for a period of one (1) year following the Vesting Date (the "Holding Period"), except in the event of vesting pursuant to Section 2(c) of this Award Agreement or as otherwise permitted by the Committee or required by law. The Company may impose stop-transfer instructions or other restrictions as it deems appropriate to enforce this Holding Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Conformity with Securities Laws</u>

The grant of LPUs hereunder (and any transfers thereof) is subject to compliance with all applicable securities laws. Participant hereby represents to the Company that Participant is acquiring the LPUs, and any underlying shares of Stock to which Participant may become entitled upon vesting of such LPUs, for investment purposes only and not with a view to the distribution thereof. The book entries or certificates, as applicable, representing Stock issued by the Company pursuant to this Award Agreement may reflect or bear a legend describing the restrictions on resale thereof under applicable securities laws, and stop transfer orders with respect to any such shares may be entered in the stock transfer records of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Miscellaneous</u>

(a) <u>Assignments and Transfers</u>. The rights and interests of Participant under this Award Agreement may not be assigned, encumbered or transferred, except as provided for in this Award Agreement.

(b) <u>No Right to Employment</u>. Neither this Award Agreement nor any action taken hereunder shall be construed as giving Participant any right to be retained in the employ of any Participating Company.

(c) <u>Headings</u>. The headings contained in this Award Agreement are inserted for convenience of reference only and are not intended to be part of or to affect the meaning or interpretation of this Award Agreement.

(d) <u>Code Section 409A</u>. Although the Company does not guarantee to Participant any particular tax treatment relating to the Award, it is intended that the Award be exempt from Code Section 409A and the regulations and guidance promulgated thereunder, specifically including the short-term deferral exception set forth in Treasury Regulation Section 1.409A-1(b)(4), and this Award Agreement shall be construed and interpreted in a manner consistent with the requirements for avoiding taxes or penalties under Code Section 409A. Notwithstanding anything herein to the contrary, in no event shall the Company be liable for any additional tax, interest or penalties that may be imposed on Participant by virtue of Code Section 409A or any damages for failing to comply with Code Section 409A.

(e) <u>Choice of Law; Venue</u>. This Award and Award Agreement will be interpreted and construed in accordance with and governed by the laws of the State of Florida (other than its conflict of law principles). Participant consents to the exclusive venue and jurisdiction of the state and federal courts located in Florida and waives any objection based on lack of jurisdiction or inconvenient forum.

(f) <u>Clawback</u>. The Award and any shares of Stock delivered pursuant to the Award are subject to forfeiture, recovery by the Company or other similar action pursuant to any applicable clawback or recoupment policy of the Company, as may be in effect from time to time, or as otherwise required by law.

(g) <u>Amendment; Waiver</u>. This Award Agreement may be amended or modified at any time by an instrument in writing signed by the parties to this Agreement. The failure of the Company to enforce at any time any provision of this Award Agreement shall in no way be construed to be a waiver of such provision or of any other provision hereof.

(h) <u>Electronic Delivery and Acceptance</u>. The Company may, in its sole discretion, elect to deliver any documents related to this Award Agreement by electronic means. Participant hereby consents to receive such documents by electronic delivery and agrees to the use an on-line or electronic system established and maintained by the Company or a third party designated by the Company.

(i) <u>No Advice Regarding Award</u>. The Company is not providing any tax, legal or financial advice with respect to this Award, nor is the Company making any recommendations regarding Participant's acquisition or sale of the underlying shares of Stock. Participant is hereby advised to consult with his or her personal tax, legal and financial advisors regarding this Award Agreement before taking any action related to this Award Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Plan Provisions</u>

Notwithstanding that the LPUs subject to this Award Agreement have been granted outside the terms of the Plan, certain provisions of the Plan are incorporated herein by reference and shall be applied as determined by the Committee in its sole discretion. In addition to the Plan provisions specifically set forth above in this Award Agreement, such Plan provisions include the following: Section 8 (Performance-Based Awards); Section 9 (Certificates for Awards of Stock); Section 10 (Change in Control); Section 11 (Beneficiary); Section 12 (Administration of the Plan); Section 14 (Adjustments in Event of Change in Common Stock and Change in Control); Section 15 (Clawback Policy); Section 16 (Conditions Subsequent); Section 17 (Miscellaneous) and Section 18 (Provisions Related to Code Section 409A).

IN WITNESS WHEREOF, the undersigned have caused this Award Agreement to be executed and delivered on the Effective Date first above written.

---

| | |
|:---|:---|
| **PARTICIPANT** | **RAYONIER ADVANCED MATERIALS INC.** |
| *Sign personalized document* | *Sign personalized document* |

---

 

---

| | | | |
|:---|:---|:---|:---|
| Name: | /s/ Daniel M. Krawczyk | By: | /s/ Lise Gingras |
|  | Daniel M. Krawczyk | Lise Gingras | Lise Gingras |
|  |  | Vice President, Human Resources | Vice President, Human Resources |

---

**<u>Schedule A</u>**

**<u>Krawczyk Inducement Grant - Leveraged Performance Units</u>**

***This Schedule A is part of, and subject to the terms and conditions of, an Award Agreement evidencing this Award of Leveraged Performance Units ("LPUs"). The Award Agreement, including this Schedule A, is subject to the terms and conditions of the Rayonier Advanced Materials Inc. 2023 Incentive Stock Plan, as amended (the "Plan").***

 ****

**Performance Period:** The three-year period beginning on the Effective Date, as defined in the Award Agreement, and ending on the third anniversary of the Effective Date.

**Target LPUs:** The target number of LPUs awarded will be determined by dividing the award value of

$1,750,000 by the average of the closing market price of RYAM stock on the 20 trading days preceding the LPU grant date (the "grant date share price").

**Objective and Payout Ranges:** The actual number of LPUs earned will be based on share price growth from the "grant date share price" compared against the "measurement date share price" which will be determined based on the average of the closing market price of the Stock on the last 20 trading days of the Performance Period.

The following table reflects the payout range of these LPUs:

---

| | | |
|:---|:---|:---|
| <u>Performance Requirement</u> | <u>Stock Price Growth from Grant <br> Date Share Price to</u><br> <u>Measurement Date Share Price</u> | <u>% of LPU Target Earned</u> |
| Threshold | 25% | 50% |
| Target | 50% | 100% |
| Maximum | 100% | 250% |

---

Results are interpolated between threshold and target, and target and maximum. Any result lower than 25% stock price growth will result in no payout. Earned LPUs are paid out in Stock upon the Vesting Date, as defined in the Award Agreement. The number of earned LPUs will be subject to a value cap of 15X the initial grant value. Vested shares will be delivered on or promptly following the Vesting Date, with delivery of such shares to occur no later than fifteen (15) calendar days following the Vesting Date. Net shares received upon vesting (after applicable tax withholding) will be subject to a one-year holding requirement post-vesting under the circumstances set forth in the Award Agreement.

## Exhibit 5.1

**Exhibit 5.1**

![](ryam_logo.jpg)

June 23, 2026

Rayonier Advanced Materials Inc.

1301 Riverplace Boulevard, Suite 2300

Jacksonville, FL 32207

Re: Registration Statement on Form S-8<br> Employment Inducement Grant – Leveraged Performance Units

Ladies and Gentlemen:

I am Senior Vice President, General Counsel and Corporate Secretary of Rayonier Advanced Materials Inc., a Delaware corporation (the "Company"), and have acted as counsel for the Company in connection with the filing of the above referenced registration statement (the "Registration Statement") with the U.S. Securities and Exchange Commission (the "Commission") to register under the Securities Act of 1933, as amended (the "Securities Act"), 505,460 shares of common stock, par value $0.01 per share ("Common Stock"), issuable pursuant to an award of leveraged performance units granted outside of the Company's 2023 Incentive Stock Plan, as amended and restated, as an "employment inducement award" under Section 303A.08 under the New York Stock Exchange Listed Company Manual (the "Inducement Award"). I am furnishing this opinion letter pursuant to Item 601(b)(5) of Regulation S-K.

Based on the foregoing, and subject to the qualifications stated herein, I am of the opinion that the 505,460 shares of Common Stock being registered pursuant to the Inducement Award have been duly authorized and, when issued in accordance with the terms of the Inducement Award, will be validly issued, fully paid, and non-assessable.

This opinion is limited to the General Corporation Law of the State of Delaware, and I do not express any opinion as to the effect of the laws of any other jurisdiction. This opinion letter is provided for use solely in connection with the transactions contemplated by the Registration Statement and may not be used, circulated, quoted or otherwise relied upon for any other purpose without my express prior written consent.

I hereby consent to the filing of this opinion letter as an exhibit to the Registration Statement and to the use of my name wherever appearing in the Registration Statement. In giving such consent, I do not thereby admit that I am within the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission thereunder.

Very truly yours,

<u>/s/ Richard Colby Slaughter</u>

Richard Colby Slaughter

Corporate Headquarters Jacksonville, FL US<br> 904.357.4600 office<br> <u>colby.slaughter@ryam.com www.RYAM.com</u>

## Exhibit 23.1

**Exhibit 23.1**

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

We have issued our reports dated March 5, 2026 with respect to the consolidated financial statements and internal control over financial reporting of Rayonier Advanced Materials Inc. included in the Annual Report on Form 10-K for the year ended December 31, 2025, which are incorporated by reference in this Registration Statement. We consent to the incorporation by reference of the aforementioned reports in this Registration Statement.

/s/ GRANT THORNTON LLP

Jacksonville, Florida

June 23, 2026

## Ex-Filing

?xml version='1.0' encoding='ASCII'? Filing Fee Exhibit

**Ex-Filing Fees**

**CALCULATION OF FILING FEE TABLES**

**S-8**

**Rayonier Advanced Materials Inc**

**Table 1: Newly Registered Securities**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Type** | **Security Class Title** | **Notes** | **Fee Calculation<br> Rule** | **Amount Registered** | **Proposed Maximum Offering<br> Price Per Unit** | **Maximum Aggregate Offering Price** | **Fee Rate** | **Amount of Registration Fee** |
| Equity | Common Stock, $0.01 par value per share | (1) | Other | 505460 | $8.47 | $4281246.20 | 0.0001381 | $591.24 |
| Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | $4281246.20 |  | 591.24 |
| Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: |  |  | 0.00 |
| Net Fee Due: | Net Fee Due: | Net Fee Due: | Net Fee Due: | Net Fee Due: | Net Fee Due: |  |  | $591.24 |

---

**__________________________________________ Offering Note(s)**

&nbsp;&nbsp;&nbsp;&nbsp;(1) Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this registration statement also covers an indeterminate number of additional shares of common stock, par value $0.01 per share ("Common Stock"), of Rayonier Advanced Materials Inc. which may be offered and issued to prevent dilution resulting from stock splits, stock distributions or similar transactions. Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) and Rule 457(h) under the Securities Act based on the average of the high and low prices per share of the Common Stock as reported on the New York Stock Exchange on June 22, 2026.