Sundar PichaiSundar Pichai earned $164M in 2023

David L. Nunes has been the President and CEO of Rayonier Inc., a leading timberland real estate investment trust (REIT), since 2014. With over 30 years in the forest products industry, he has held various key roles in timberland management...

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David L. Nunes

CEO of Rayonier

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Real Estate

CEO of Rayonier for

10 years 9 months (Jun 2014 - Present)

Previous Experience

Chief Operating Officer of Rayonier

Holdings

See how much did David L. Nunes make over time.

As of 2023, David L. Nunes has significant equity stakes in Rayonier, reflecting his deep investment in the company's future. Throughout his tenure, he has seen fluctuations in his ownership value, reaching heights of $6 million in total compensation last...

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Total Stock Sold

$10.15M

RYN

$10.15M

285,044.127 RYN shares

What if they kept their stock?

If David L. Nunes didn't sell their stock, today they would have:
Extra RYN285,044.127 shares worth $6.27M.
This is -38.22% and $3.88M less than what they got when they sold the stock.

Charitable Transactions

RYN

342,179.912 shares

RYN

Recent Charitable Transactions

RYN

295,600 shares

RYN

Nov 5, 2021

Charity

RYN

30,000 shares

RYN

Oct 5, 2021

Charity

Insider Trading

See recent insider trades of David L. Nunes.

RYN

75,240 shares

RYN

Apr 14, 2023

Received

RYN

53,544 shares

RYN

Apr 1, 2023

Received

RYN

$608.81K

RYN at $37.00/share

Feb 1, 2023

Sale

RYN

$1.68M

RYN at $35.62/share

Jan 30, 2023

Sale

RYN

63,280 shares

RYN

Apr 14, 2022

Received

RYN

38,259 shares

RYN

Apr 1, 2022

Received

RYN

295,600 shares

RYN

Nov 5, 2021

Charity

RYN

98,533.33 shares

RYN

Nov 5, 2021

Charity

RYN

30,000 shares

RYN

Oct 5, 2021

Charity

RYN

30,000 shares

RYN

Oct 5, 2021

Charity

Compensation History

See how much did David L. Nunes make over time.

David L. Nunes' compensation has shown a remarkable increase, reaching $6 million in total for 2023. This figure includes a base salary of $900,000, an annual bonus of over $1.4 million based on performance metrics, and other benefits. His bonuses reflect the company's financial success, emphasizing a pay-for-performance strategy that aligns his interests with those of shareholders. In 2022, his total compensation was notably lower at $1.75 million, indicating a year of strong performance-based rewards following a tougher financial climate in previous years. David's compensation structure emphasizes his commitment to shareholder value and the strategic goals of Rayonier.

Year

2023

Total Compensation

$2.50M

Salary

$900.00K

Board Justification

The compensation philosophy emphasizes 'pay for performance' programs designed to reward superior financial performance and sustained increases in shareholder value.

Bonus

$1.43M

Board Justification

The annual bonus was based on the company's financial performance against key budgeted financial metrics and the attainment of identified strategic objectives, with a target bonus award opportunity of 150% of base salary.

Other

$168.68K

Board Justification

Other compensation includes contributions to retirement plans and other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2023 as the focus is on the compensation excluding stock grants and options.

Performance Metrics

The performance metrics for determining the compensation included Adjusted EBITDA and strategic objectives related to the company's long-term goals.

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Here are other CEOs of Rayonier