During his short tenure as CEO, Vito did not accumulate significant holdings in Rayonier Advanced Materials since he hadn’t been with the company long enough. He transitioned into the role from a high-level position at Ashland, but his connection with...
During his short tenure as CEO, Vito did not accumulate significant holdings in Rayonier Advanced Materials since he hadn’t been with the company long enough. He transitioned into the role from a high-level position at Ashland, but his connection with the company's stock was limited. Following his departure, all of his equity awards were forfeited, illustrating the volatility and risks associated with executive roles that tie compensation heavily to the company's performance. Before resigning, his total compensation included a significant severance package shortly after taking the job, showing how quickly fortunes can change in corporate leadership. His previous stakes in companies like Ashland might have been larger, but as CEO for a short while, most of Vito’s wealth was in cash compensation rather than stock holdings.