JACKSONVILLE, Fla. (News release) -- Rayonier Advanced Materials Inc. announced the completion of the grant of the employment enducement award to Daniel M. Krawczyk, President and Chief Executive Officer, as previously disclosed in the Company's current report on Form 8-K filed with the Securities and Exchange Commission (the "Commission") on June 22, 2026.

Mr. Krawczyk was awarded 202,184 leveraged performance units ("LPUs"), at target, effective June 23, 2026, with the actual number of LPUs earned to be determined based on the Company's level of achievement of stock price growth over a three year performance period, as determined pursuant to the terms of the award agreement. Under the award, if share price growth is less than 25%, no LPUs will vest; if such growth is at the threshold level of 25%, 50% of the LPUs vest; if such growth is at the target level of 50%, 100% of the LPUs vest; and if such growth is at or above the maximum level of 100%, 250% of the LPUs vest, with interpolation between threshold and target, and target and maximum. The number of earned LPUs will be subject to a value cap of 15x the initial grant value. Any shares issued upon vesting will be subject to a one-year post-vesting holding requirement. A copy of the award agreement is filed as an exhibit to the Company's Registration Statement on Form S-8 filed with the Commission on June 23, 2026, which is available on the Company's website and at www.sec.gov.

The inducement award was approved by the Compensation and Management Development Committee and the independent members of the Board of Directors as a material inducement to Mr. Krawczyk's employment with the Company in accordance with New York Stock Exchange Listed Company Manual Rule 303A.08. The Company is issuing this press release to satisfy the public announcement requirement of Rule 303A.08.