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Rayonier Executive Compensation (FY25)

RYN · Wildlight, FL · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Mark McHugh
Latest say-on-pay support
=
May 14, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 22, 2026Latest filing (8-K): May 14, 2026
15 filings cited on this page
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310 figures on this page: 299 cited to the filing that reported them, 11 calculated from figures it prints. See the citations

More on Rayonier

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Mark McHugh: $4,751,207 → $5,457,716 (14.9% higher)
Say-on-pay support: 96.2% → 95.1% (1.1 points lower)
CEO pay ratio: 49:1 → 46:1 (6.1% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Rayonier's chief executive and what were they paid?
Mark McHugh, President and Chief Executive Officer, received $5,457,716 in total compensation for fiscal 2025. Compared with the $4,751,207 reported for fiscal 2024, McHugh's total was 14.9% higher.
What was Rayonier's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 95.1% of votes cast for or against in favor at the meeting held May 14, 2026.
Which companies are in Rayonier's peer group?
The disclosed peer group names Acadia Realty Trust, Agree Realty Corporation, Alexander & Baldwin, Inc., Alexander's, Inc. and Alexandria Real Estate Equities, Inc., among others. Companies named in the additional disclosed peer group include Acadia Realty Trust, Agree Realty Corporation, Alexander & Baldwin, Inc., Alexander's, Inc. and Alexandria Real Estate Equities, Inc., among others.
What is Rayonier's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 46:1, against median employee compensation of $119,742.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Nunes
Former Chief Executive Officer
Departed during or after this year
◇—◇—◇—◇◇
Mark McHugh
President & Chief Executive Officer and former Chief Financial Officer
◇—◇—◇—◇◇
Mark Bridwell
Executive Vice President, General Counsel and Corporate Secretary
◇—◇—◇—◇◇
April Tice
Senior Vice President and Chief Accounting Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Nunes
Former Chief Executive Officer
Departed during or after this year
◇—◇—◇—◇◇
Mark McHugh
President & Chief Executive Officer and former Chief Financial Officer
◇—◇—◇—◇◇
Doug Long
EVP & Chief
◇—◇—◇◇◇◇
Mark Bridwell
Executive Vice President, General Counsel and Corporate Secretary
◇—◇—◇—◇◇
April Tice
Senior Vice President and Chief Accounting Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mark McHugh
President & Chief Executive Officer and former Chief Financial Officer
◇—◇—◇—◇◇
David Nunes
Former Chief Executive Officer
Departed during or after this year
◇—◇—◇—◇◇
Doug Long
EVP & Chief
◇—◇—◇—◇◇
W. Rhett Rogers
Senior Vice President, Portfolio Management
◇—◇—◇—◇◇
April Tice
Senior Vice President and Chief Accounting Officer
◇—◇—◇—◇◇
Mark Bridwell
Executive Vice President, General Counsel and Corporate Secretary
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mark McHugh
President and Chief Executive Officer
◇—◇—◇—◇◇
Douglas Long
Executive Vice President and Chief Resource Officer
◇—◇—◇—◇◇
W. Rhett Rogers
Senior Vice President, Portfolio Management
◇—◇—◇—◇◇
April Tice
Senior Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Mark Bridwell
Senior Vice President, General Counsel and Corporate Secretary
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
April TiceRSU◇——◇——◇
April TicePSU◇◇◇—◇—◇
Douglas LongRSU◇——◇——◇
Douglas LongPSU◇◇◇—◇—◇
Mark BridwellRSU◇——◇——◇
Mark BridwellPSU◇◇◇—◇—◇
Mark McHughPSU◇◇◇—◇—◇
Mark McHughRSU◇——◇——◇
W. Rhett RogersPSU◇◇◇—◇—◇
W. Rhett RogersRSU◇——◇——◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Mark McHughRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
April TiceRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Douglas LongRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Rhett RogersRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Mark BridwellRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
April Tice
Senior Vice President and Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Non-compete period◇
Non-solicit period◇
Mark Bridwell
Senior Vice President, General Counsel and Corporate Secretary · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Non-compete period◇
Non-solicit period◇
Mark McHugh
President and Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Non-compete period◇
Non-solicit period◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Scott R. Jones
Lead independent director
◇◇————◇
Ann C. Nelson
◇◇————◇
Meridee A. Moore
◇◇————◇
Keith E. Bass
—◇————◇
Gregg A. Gonsalves
◇◇————◇
Andrew G. Wiltshire
◇◇————◇
Matthew J. Rivers
◇◇————◇
V. Larkin Martin
◇◇————◇
Eric J. Cremers, Linda M. Breard, Michael J. Covey and Mark D. McHugh served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as Restricted Stock.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Acadia Realty Trust AKR
  • Agree Realty Corporation ADC
  • Alexander & Baldwin, Inc. ALEX
  • Alexander's, Inc. ALX
  • Alexandria Real Estate Equities, Inc. ARE
  • Alpine Income Property Trust, Inc. PINE
  • American Assets Trust, Inc. AAT
  • American Healthcare REIT, Inc. AHR
  • American Homes 4 Rent AMH
  • American Tower Corporation AMT
  • Americold Realty Trust, Inc. COLD
  • Apartment Investment and Management Company AIV
  • Apple Hospitality REIT, Inc. APLE
  • Armada Hoffler Properties, Inc. AHRT
  • AvalonBay Communities, Inc. AVB
  • Braemar Hotels & Resorts Inc. BHR
  • Brandywine Realty Trust BDN
  • Brixmor Property Group Inc. BRX
  • Broadstone Net Lease, Inc. BNL
  • BRT Apartments Corp. BRT
  • BXP, Inc. BXP
  • Camden Property Trust CPT
  • CareTrust REIT, Inc. CTRE
  • CBL & Associates Properties, Inc. CBL
  • Centerspace CSR
  • Chatham Lodging Trust CLDT
  • City Office REIT, Inc. CIO
  • Community Healthcare Trust Incorporated CHCT
  • COPT Defense Properties CDP
  • Cousins Properties Incorporated CUZ
  • Crown Castle Inc. CCI
  • CTO Realty Growth, Inc. CTO
  • CubeSmart CUBE
  • DiamondRock Hospitality Company DRH
  • Digital Realty Trust, Inc. DLR
  • InvenTrust Properties Corp. IVT
  • Invitation Homes Inc. INVH
  • PotlatchDeltic Corporation PCH
  • Regency Centers Corporation REG
  • Rexford Industrial Realty, Inc. REXR
  • Weyerhaeuser WY
Additional disclosed peer group
  • Acadia Realty Trust AKR
  • Agree Realty Corporation ADC
  • Alexander & Baldwin, Inc. ALEX
  • Alexander's, Inc. ALX
  • Alexandria Real Estate Equities, Inc. ARE
  • Alpine Income Property Trust, Inc. PINE
  • American Assets Trust, Inc. AAT
  • American Healthcare REIT, Inc. AHR
  • American Homes 4 Rent AMH
  • American Tower Corporation AMT
  • Americold Realty Trust, Inc. COLD
  • Apartment Investment and Management Company AIV
  • Apple Hospitality REIT, Inc. APLE
  • Armada Hoffler Properties, Inc. STRS
  • AvalonBay Communities, Inc. AVB
  • Braemar Hotels & Resorts Inc. BHR
  • Brandywine Realty Trust BDN
  • Brixmor Property Group Inc. BRX
  • Broadstone Net Lease, Inc. BNL
  • BRT Apartments Corp. BRT
  • BXP, Inc. BXP
  • Camden Property Trust CPT
  • CareTrust REIT, Inc. CTRE
  • CBL & Associates Properties, Inc. CBL
  • Centerspace CSR
  • Chatham Lodging Trust CLDT
  • City Office REIT, Inc. CIO
  • Community Healthcare Trust Incorporated CHCT
  • COPT Defense Properties CDP
  • Cousins Properties Incorporated CUZ
  • Crown Castle Inc. CCI
  • CTO Realty Growth, Inc. CTO
  • CubeSmart CUBE
  • Curbline Properties Corp. CURB

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 14, 2026=◇◇◇
2024May 15, 2025=◇◇◇
2023May 16, 2024=◇◇◇
2022May 18, 2023=◇◇◇
2021May 19, 2022=◇◇◇
2020May 20, 2021=◇◇◇
2019May 14, 2020=◇◇◇
2018May 16, 2019=◇◇◇
2017May 17, 2018=◇◇◇
2016May 18, 2017=◇◇◇
2015May 23, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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- Mark McHugh (President and Chief Executive Officer), FY2025 total compensation $5,457,716 (base salary $800,000) [exec_comp, SEC accession 0000052827-26-000054, filed 2026-04-01]

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What this page does not include

Everything above is a fact Rayonier disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Rayonier sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
310 figures on this page: 299 cited to the filing that reported them, 11 calculated from figures it prints.
299 cited to the filing
11 calculated from the filing

Documents cited

  1. 0000052827-26-000081
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0000052827-26-000054
    CEO PAY RATIO · DIRECTOR COMPENSATION · DIRECTOR COMPENSATION TABLE · GRANTS OF PLAN-BASED AWARDS · and 2 more sections
  3. 0000052827-25-000104
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0000052827-25-000035
    Compensation Discussion and Analysis · Summary Compensation Table
  5. 0000052827-24-000153
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0000052827-24-000052
    SUMMARY COMPENSATION TABLE
  7. 0000052827-23-000147
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0000052827-23-000081
    SUMMARY COMPENSATION TABLE
  9. 0000052827-22-000082
  10. 0000052827-21-000109
  11. 0000052827-20-000147
  12. 0000052827-19-000020
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0000052827-18-000021
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0000052827-17-000023
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0000052827-16-000072
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Rayonier executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/RYN (accessed 2026).
Short form: data: Velarion

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15 filings cited on this page
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Real Estate rankings

Chief executive pay — Real EstateCEO pay ratio — Real EstateSay-on-pay support — Real Estate

Peers Rayonier discloses

The companies named in RYN's own disclosed peer group.

Acadia Realty TrustAgree Realty CorporationAlexander & Baldwin, Inc.Alexander's, Inc.Alexandria Real Estate Equities, Inc.American Assets Trust, Inc.American Healthcare REIT, Inc.American Homes 4 RentAmerican Tower CorporationAmericold Realty Trust, Inc.Apartment Investment and Management CompanyApple Hospitality REIT, Inc.Armada Hoffler Properties, Inc.AvalonBay Communities, Inc.Braemar Hotels & Resorts Inc.Brandywine Realty TrustBrixmor Property Group Inc.Broadstone Net Lease, Inc.BRT Apartments Corp.BXP, Inc.Camden Property TrustCareTrust REIT, Inc.CBL & Associates Properties, Inc.Centerspace

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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