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RAYONIER INC. 2023-2024 Proxy Voting Records

Compiled from SEC Form N-PX filings and RAYONIER INC.’s Form 8-K, filed May 16, 2024 (Item 5.07 on EDGAR). Page generated October 25, 2026.

11Ballot items
388Asset managers
3,835Fund votes
May 16, 2024Meeting date

Results at a glance

Meeting of May 16, 2024: 11 items on RAYONIER INC.’s Form 8-K, filed May 16, 2024: 11 without a stated outcome.

Material dissent

None.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore RAYONIER INC. in the interactive database Compare manager voting policies

Official 2023-2024 meeting results reported by RAYONIER INC.

These tallies are RAYONIER INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed May 16, 2024 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

RAYONIER INC. — official shareholder meeting results, meeting held May 16, 2024
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Support (of votes cast)	Reported outcome	Voting standard
Elect Director: Keith Bass	130,509,268	2,752,982	89,436	--	6,719,202	98%	Not verified	—
Elect Director: Gregg A. Gonsalves	132,242,959	1,017,931	90,796	--	6,719,202	99.2%	Not verified	—
Elect Director: Scott R. Jones	131,441,163	1,822,391	88,132	--	6,719,202	99%	Not verified	—
Elect Director: V. Larkin Martin	126,808,064	6,452,818	90,804	--	6,719,202	95%	Not verified	—
Elect Director: Mark D. McHugh	133,108,336	154,939	88,411	--	6,719,202	99.8%	Not verified	—
Elect Director: Meridee A. Moore	131,509,178	1,759,457	83,051	--	6,719,202	99%	Not verified	—
Elect Director: Ann C. Nelson	132,051,425	1,217,338	82,923	--	6,719,202	99.0%	Not verified	—
Elect Director: Matthew J. Rivers	132,064,673	1,197,755	89,258	--	6,719,202	99.1%	Not verified	—
Elect Director: Andrew G. Wiltshire	132,584,091	679,417	88,178	--	6,719,202	99.4%	Not verified	—
Non-binding Advisory Vote on the Compensation of Our Named Executive Officers	129,336,018	3,775,808	239,860	--	6,719,202	97%	Not verified	—
Ratification of Independent Registered Public Accounting Firm	139,343,136	636,610	91,142	--	--	99.5%	Not verified	—

Source: RAYONIER INC., Form 8-K, filed with the SEC on May 16, 2024 — read the filing on EDGAR.

How asset managers voted at the RAYONIER INC. 2023-2024 meeting

Each item below shows how the 388 asset managers that disclosed a RAYONIER INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.

1. Elect Director: Scott R. Jones

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 131,441,163AGAINST: 1,822,391

Details: description as filed, official tally, votes by 85 asset managers

Description as filed by funds: Election of Directors: Scott R. Jones

RAYONIER INC.’s own tally for this item (“Elect Director: Scott R. Jones”): 131,441,163 for, 1,822,391 against, per its Form 8-K filed May 16, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 85 asset managers below reported 69,098,248 for, 95,825 against, 28,516 abstained.

FOR

FOR: 69,098,248AGAINST: 95,825ABSTAIN: 28,516

Largest asset managers voting on “Election of Directors: Scott R. Jones” at RAYONIER INC., 2023-2024
Asset manager	For	Against	Vote
Vanguard	20,635,399	0	For
T. Rowe Price	8,894,795	0	For
BlackRock	7,433,891	0	For
Cohen & Steers	5,555,284	0	For
JPMorgan	4,682,442	0	For
Victory Capital	2,538,485	0	For
Fidelity	2,465,176	0	For
Charles Schwab	2,392,264	0	For
MFS	1,456,845	0	For
John Hancock	1,365,795	0	For
Bridge Builder Trust	1,169,430	0	For
CENTRAL SECURITIES CORP	1,000,000	0	For
DIAMOND HILL FUNDS	951,919	0	For
State Street	887,050	342	For
UNDISCOVERED MANAGERS FUNDS	849,469	0	For
MASSACHUSETTS INVESTORS TRUST	742,512	0	For
Columbia Threadneedle	473,695	0	For
TIAA	410,204	0	For
DWS	405,813	0	For
Equitable	387,096	0	For
IMPAX FUNDS SERIES TRUST I	361,676	0	For
Northern Trust	356,992	0	For
AIG/SunAmerica	343,202	0	For
THIRD AVENUE TRUST	319,603	0	For
Principal	280,634	0	For

Showing the 25 largest of 85 asset managers. See all 85 in the interactive database.

2. Elect Director: Keith Bass

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 130,509,268AGAINST: 2,752,982

Details: description as filed, official tally, votes by 85 asset managers

Description as filed by funds: Election of Directors: Keith E. Bass

RAYONIER INC.’s own tally for this item (“Elect Director: Keith Bass”): 130,509,268 for, 2,752,982 against, per its Form 8-K filed May 16, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 85 asset managers below reported 69,179,837 for, 14,236 against, 28,516 abstained.

FOR

FOR: 69,179,837AGAINST: 14,236ABSTAIN: 28,516

Largest asset managers voting on “Election of Directors: Keith E. Bass” at RAYONIER INC., 2023-2024
Asset manager	For	Against	Vote
Vanguard	20,635,399	0	For
T. Rowe Price	8,894,795	0	For
BlackRock	7,433,891	0	For
Cohen & Steers	5,555,284	0	For
JPMorgan	4,682,442	0	For
Victory Capital	2,538,485	0	For
Fidelity	2,465,176	0	For
Charles Schwab	2,392,264	0	For
MFS	1,456,845	0	For
John Hancock	1,365,795	0	For
Bridge Builder Trust	1,169,430	0	For
CENTRAL SECURITIES CORP	1,000,000	0	For
DIAMOND HILL FUNDS	951,919	0	For
State Street	887,213	179	For
UNDISCOVERED MANAGERS FUNDS	849,469	0	For
MASSACHUSETTS INVESTORS TRUST	742,512	0	For
Columbia Threadneedle	473,695	0	For
TIAA	410,204	0	For
DWS	405,813	0	For
Equitable	387,096	0	For
IMPAX FUNDS SERIES TRUST I	361,676	0	For
Northern Trust	356,992	0	For
AIG/SunAmerica	343,202	0	For
THIRD AVENUE TRUST	319,603	0	For
Principal	280,634	0	For

Showing the 25 largest of 85 asset managers. See all 85 in the interactive database.

3. Elect Director: Gregg A. Gonsalves

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

99.2% Majority: yes · of votes cast

FOR 99.2%

FOR: 132,242,959AGAINST: 1,017,931

Details: description as filed, official tally, votes by 85 asset managers

Description as filed by funds: Election of Directors: Gregg A. Gonsalves

RAYONIER INC.’s own tally for this item (“Elect Director: Gregg A. Gonsalves”): 132,242,959 for, 1,017,931 against, per its Form 8-K filed May 16, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.2% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 85 asset managers below reported 69,193,894 for, 179 against, 28,516 abstained.

FOR

FOR: 69,193,894AGAINST: 179ABSTAIN: 28,516

Largest asset managers voting on “Election of Directors: Gregg A. Gonsalves” at RAYONIER INC., 2023-2024
Asset manager	For	Against	Vote
Vanguard	20,635,399	0	For
T. Rowe Price	8,894,795	0	For
BlackRock	7,433,891	0	For
Cohen & Steers	5,555,284	0	For
JPMorgan	4,682,442	0	For
Victory Capital	2,538,485	0	For
Fidelity	2,465,176	0	For
Charles Schwab	2,392,264	0	For
MFS	1,456,845	0	For
John Hancock	1,365,795	0	For
Bridge Builder Trust	1,169,430	0	For
CENTRAL SECURITIES CORP	1,000,000	0	For
DIAMOND HILL FUNDS	951,919	0	For
State Street	887,213	179	For
UNDISCOVERED MANAGERS FUNDS	849,469	0	For
MASSACHUSETTS INVESTORS TRUST	742,512	0	For
Columbia Threadneedle	473,695	0	For
TIAA	410,204	0	For
DWS	405,813	0	For
Equitable	387,096	0	For
IMPAX FUNDS SERIES TRUST I	361,676	0	For
Northern Trust	356,992	0	For
AIG/SunAmerica	343,202	0	For
THIRD AVENUE TRUST	319,603	0	For
Principal	280,634	0	For

Showing the 25 largest of 85 asset managers. See all 85 in the interactive database.

4. Elect Director: V. Larkin Martin

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%

FOR: 126,808,064AGAINST: 6,452,818

Details: description as filed, official tally, votes by 85 asset managers

Description as filed by funds: Election of Directors: V. Larkin Martin

RAYONIER INC.’s own tally for this item (“Elect Director: V. Larkin Martin”): 126,808,064 for, 6,452,818 against, per its Form 8-K filed May 16, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 85 asset managers below reported 68,222,052 for, 972,021 against, 28,516 abstained.

FOR

FOR: 68,222,052AGAINST: 972,021ABSTAIN: 28,516

Largest asset managers voting on “Election of Directors: V. Larkin Martin” at RAYONIER INC., 2023-2024
Asset manager	For	Against	Vote
Vanguard	20,635,399	0	For
T. Rowe Price	8,894,795	0	For
BlackRock	7,433,891	0	For
Cohen & Steers	5,555,284	0	For
JPMorgan	4,682,442	0	For
Victory Capital	2,538,485	0	For
Fidelity	2,465,176	0	For
Charles Schwab	2,392,264	0	For
MFS	1,456,845	0	For
John Hancock	1,365,795	0	For
Bridge Builder Trust	1,163,253	6,177	For
CENTRAL SECURITIES CORP	1,000,000	0	For
DIAMOND HILL FUNDS	951,919	0	For
State Street	823	886,569	Against
UNDISCOVERED MANAGERS FUNDS	849,469	0	For
MASSACHUSETTS INVESTORS TRUST	742,512	0	For
Columbia Threadneedle	473,695	0	For
TIAA	410,204	0	For
DWS	405,813	0	For
Equitable	387,096	0	For
IMPAX FUNDS SERIES TRUST I	361,676	0	For
Northern Trust	356,992	0	For
AIG/SunAmerica	343,202	0	For
THIRD AVENUE TRUST	319,603	0	For
Principal	280,634	0	For

Showing the 25 largest of 85 asset managers. See all 85 in the interactive database.

5. Elect Director: Mark D. McHugh

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 4 wordings of this item as funds reported it.

99.8% Majority: yes · of votes cast

FOR 99.8%

FOR: 133,108,336AGAINST: 154,939

Details: description as filed, official tally, votes by 85 asset managers

Description as filed by funds: Election of Directors: Mark D. McHugh

RAYONIER INC.’s own tally for this item (“Elect Director: Mark D. McHugh”): 133,108,336 for, 154,939 against, per its Form 8-K filed May 16, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.8% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 85 asset managers below reported 69,194,073 for, 28,516 abstained.

FOR

FOR: 69,194,073ABSTAIN: 28,516

Largest asset managers voting on “Election of Directors: Mark D. McHugh” at RAYONIER INC., 2023-2024
Asset manager	For	Vote
Vanguard	20,635,399	For
T. Rowe Price	8,894,795	For
BlackRock	7,433,891	For
Cohen & Steers	5,555,284	For
JPMorgan	4,682,442	For
Victory Capital	2,538,485	For
Fidelity	2,465,176	For
Charles Schwab	2,392,264	For
MFS	1,456,845	For
John Hancock	1,365,795	For
Bridge Builder Trust	1,169,430	For
CENTRAL SECURITIES CORP	1,000,000	For
DIAMOND HILL FUNDS	951,919	For
State Street	887,392	For
UNDISCOVERED MANAGERS FUNDS	849,469	For
MASSACHUSETTS INVESTORS TRUST	742,512	For
Columbia Threadneedle	473,695	For
TIAA	410,204	For
DWS	405,813	For
Equitable	387,096	For
IMPAX FUNDS SERIES TRUST I	361,676	For
Northern Trust	356,992	For
AIG/SunAmerica	343,202	For
THIRD AVENUE TRUST	319,603	For
Principal	280,634	For

Showing the 25 largest of 85 asset managers. See all 85 in the interactive database.

6. Elect Director: Meridee A. Moore

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 131,509,178AGAINST: 1,759,457

Details: description as filed, official tally, votes by 85 asset managers

Description as filed by funds: Election of Directors: Meridee A. Moore

RAYONIER INC.’s own tally for this item (“Elect Director: Meridee A. Moore”): 131,509,178 for, 1,759,457 against, per its Form 8-K filed May 16, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

The 85 asset managers below reported 69,089,297 for, 104,776 against, 28,516 abstained.

FOR

FOR: 69,089,297AGAINST: 104,776ABSTAIN: 28,516

Largest asset managers voting on “Election of Directors: Meridee A. Moore” at RAYONIER INC., 2023-2024
Asset manager	For	Against	Vote
Vanguard	20,635,399	0	For
T. Rowe Price	8,894,795	0	For
BlackRock	7,433,891	0	For
Cohen & Steers	5,555,284	0	For
JPMorgan	4,682,442	0	For
Victory Capital	2,538,485	0	For
Fidelity	2,465,176	0	For
Charles Schwab	2,392,264	0	For
MFS	1,456,845	0	For
John Hancock	1,365,795	0	For
Bridge Builder Trust	1,169,430	0	For
CENTRAL SECURITIES CORP	1,000,000	0	For
DIAMOND HILL FUNDS	951,919	0	For
State Street	887,050	342	For
UNDISCOVERED MANAGERS FUNDS	849,469	0	For
MASSACHUSETTS INVESTORS TRUST	742,512	0	For
Columbia Threadneedle	473,695	0	For
TIAA	410,204	0	For
DWS	405,813	0	For
Equitable	387,096	0	For
IMPAX FUNDS SERIES TRUST I	361,676	0	For
Northern Trust	356,992	0	For
AIG/SunAmerica	343,202	0	For
THIRD AVENUE TRUST	319,603	0	For
Principal	280,634	0	For

Showing the 25 largest of 85 asset managers. See all 85 in the interactive database.

7. Elect Director: Ann C. Nelson

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

99.0% Majority: yes · of votes cast

FOR 99.0%

FOR: 132,051,425AGAINST: 1,217,338

Details: description as filed, official tally, votes by 85 asset managers

Description as filed by funds: Election of Directors: Ann C. Nelson

RAYONIER INC.’s own tally for this item (“Elect Director: Ann C. Nelson”): 132,051,425 for, 1,217,338 against, per its Form 8-K filed May 16, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.0% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 85 asset managers below reported 69,193,894 for, 179 against, 28,516 abstained.

FOR

FOR: 69,193,894AGAINST: 179ABSTAIN: 28,516

Largest asset managers voting on “Election of Directors: Ann C. Nelson” at RAYONIER INC., 2023-2024
Asset manager	For	Against	Vote
Vanguard	20,635,399	0	For
T. Rowe Price	8,894,795	0	For
BlackRock	7,433,891	0	For
Cohen & Steers	5,555,284	0	For
JPMorgan	4,682,442	0	For
Victory Capital	2,538,485	0	For
Fidelity	2,465,176	0	For
Charles Schwab	2,392,264	0	For
MFS	1,456,845	0	For
John Hancock	1,365,795	0	For
Bridge Builder Trust	1,169,430	0	For
CENTRAL SECURITIES CORP	1,000,000	0	For
DIAMOND HILL FUNDS	951,919	0	For
State Street	887,213	179	For
UNDISCOVERED MANAGERS FUNDS	849,469	0	For
MASSACHUSETTS INVESTORS TRUST	742,512	0	For
Columbia Threadneedle	473,695	0	For
TIAA	410,204	0	For
DWS	405,813	0	For
Equitable	387,096	0	For
IMPAX FUNDS SERIES TRUST I	361,676	0	For
Northern Trust	356,992	0	For
AIG/SunAmerica	343,202	0	For
THIRD AVENUE TRUST	319,603	0	For
Principal	280,634	0	For

Showing the 25 largest of 85 asset managers. See all 85 in the interactive database.

8. Elect Director: Matthew J. Rivers

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

99.1% Majority: yes · of votes cast

FOR 99.1%

FOR: 132,064,673AGAINST: 1,197,755

Details: description as filed, official tally, votes by 85 asset managers

Description as filed by funds: Election of Directors: Matthew J. Rivers

RAYONIER INC.’s own tally for this item (“Elect Director: Matthew J. Rivers”): 132,064,673 for, 1,197,755 against, per its Form 8-K filed May 16, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.1% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 85 asset managers below reported 69,163,607 for, 30,466 against, 28,516 abstained.

FOR

FOR: 69,163,607AGAINST: 30,466ABSTAIN: 28,516

Largest asset managers voting on “Election of Directors: Matthew J. Rivers” at RAYONIER INC., 2023-2024
Asset manager	For	Against	Vote
Vanguard	20,635,399	0	For
T. Rowe Price	8,894,795	0	For
BlackRock	7,433,891	0	For
Cohen & Steers	5,555,284	0	For
JPMorgan	4,682,442	0	For
Victory Capital	2,538,485	0	For
Fidelity	2,465,176	0	For
Charles Schwab	2,392,264	0	For
MFS	1,456,845	0	For
John Hancock	1,365,795	0	For
Bridge Builder Trust	1,169,430	0	For
CENTRAL SECURITIES CORP	1,000,000	0	For
DIAMOND HILL FUNDS	951,919	0	For
State Street	887,050	342	For
UNDISCOVERED MANAGERS FUNDS	849,469	0	For
MASSACHUSETTS INVESTORS TRUST	742,512	0	For
Columbia Threadneedle	473,695	0	For
TIAA	410,204	0	For
DWS	405,813	0	For
Equitable	387,096	0	For
IMPAX FUNDS SERIES TRUST I	361,676	0	For
Northern Trust	356,992	0	For
AIG/SunAmerica	343,202	0	For
THIRD AVENUE TRUST	319,603	0	For
Principal	280,634	0	For

Showing the 25 largest of 85 asset managers. See all 85 in the interactive database.

9. Elect Director: Andrew G. Wiltshire

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

99.4% Majority: yes · of votes cast

FOR 99.4%

FOR: 132,584,091AGAINST: 679,417

Details: description as filed, official tally, votes by 85 asset managers

Description as filed by funds: Election of Directors: Andrew G. Wiltshire

RAYONIER INC.’s own tally for this item (“Elect Director: Andrew G. Wiltshire”): 132,584,091 for, 679,417 against, per its Form 8-K filed May 16, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.4% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 85 asset managers below reported 69,103,354 for, 90,719 against, 28,516 abstained.

FOR

FOR: 69,103,354AGAINST: 90,719ABSTAIN: 28,516

Largest asset managers voting on “Election of Directors: Andrew G. Wiltshire” at RAYONIER INC., 2023-2024
Asset manager	For	Against	Vote
Vanguard	20,635,399	0	For
T. Rowe Price	8,894,795	0	For
BlackRock	7,433,891	0	For
Cohen & Steers	5,555,284	0	For
JPMorgan	4,682,442	0	For
Victory Capital	2,538,485	0	For
Fidelity	2,465,176	0	For
Charles Schwab	2,392,264	0	For
MFS	1,456,845	0	For
John Hancock	1,365,795	0	For
Bridge Builder Trust	1,169,430	0	For
CENTRAL SECURITIES CORP	1,000,000	0	For
DIAMOND HILL FUNDS	951,919	0	For
State Street	887,050	342	For
UNDISCOVERED MANAGERS FUNDS	849,469	0	For
MASSACHUSETTS INVESTORS TRUST	742,512	0	For
Columbia Threadneedle	473,695	0	For
TIAA	410,204	0	For
DWS	405,813	0	For
Equitable	387,096	0	For
IMPAX FUNDS SERIES TRUST I	361,676	0	For
Northern Trust	356,992	0	For
AIG/SunAmerica	343,202	0	For
THIRD AVENUE TRUST	319,603	0	For
Principal	280,634	0	For

Showing the 25 largest of 85 asset managers. See all 85 in the interactive database.

10. Non-binding Advisory Vote on the Compensation of Our Named Executive Officers

Outcome not verified Fund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Not verified

Combines 22 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 129,336,018AGAINST: 3,775,808

Details: description as filed, official tally, votes by 388 asset managers

Description as filed by funds: Approval, on a non-binding advisory basis, of the compensation of our named executive officers as disclosed in the proxy statement.

RAYONIER INC.’s own tally for this item (“Non-binding Advisory Vote on the Compensation of Our Named Executive Officers”): 129,336,018 for, 3,775,808 against, per its Form 8-K filed May 16, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 85 asset managers voting on “Approval, on a non-binding advisory basis, of the compensation of our named executive officers as disclosed in” at RAYONIER INC., 2023-2024
Asset manager	For	Vote
Vanguard	20,635,399	For
T. Rowe Price	8,894,795	For
BlackRock	7,433,891	For
Cohen & Steers	5,555,284	For
JPMorgan	4,682,442	For
Victory Capital	2,538,485	For
Fidelity	2,465,176	For
Charles Schwab	2,392,264	For
MFS	1,456,845	For
John Hancock	1,365,795	For
Bridge Builder Trust	1,169,430	For
CENTRAL SECURITIES CORP	1,000,000	For
DIAMOND HILL FUNDS	951,919	For
State Street	887,392	For
UNDISCOVERED MANAGERS FUNDS	849,469	For
MASSACHUSETTS INVESTORS TRUST	742,512	For
Columbia Threadneedle	473,695	For
TIAA	410,204	For
DWS	405,813	For
Equitable	387,096	For
IMPAX FUNDS SERIES TRUST I	361,676	For
Northern Trust	356,992	For
AIG/SunAmerica	343,202	For
THIRD AVENUE TRUST	319,603	For
Principal	280,634	For

Fund voting reports, all 85 managers: 69,180,660 for, 14,057 against, 28,516 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 327 asset managers voting on “Approval, on a non-binding advisory basis, of the compensation of our named executive officers as disclosed in” at RAYONIER INC., 2023-2024
Asset manager	For	Against	Vote
T. Rowe Price	17,954,018	0	For
JPMorgan	6,392,167	0	For
MASSACHUSETTS FINANCIAL SERVICES CO /MA/	4,118,993	0	For
BlackRock	3,876,084	750	For
PICTET ASSET MANAGEMENT SA	3,771,882	0	For
State Street	3,729,896	0	For
Victory Capital	3,368,350	0	For
Columbia Threadneedle	3,232,385	0	For
GEODE CAPITAL MANAGEMENT, LLC	2,453,741	0	For
Charles Schwab	2,395,065	0	For
CONFLUENCE INVESTMENT MANAGEMENT LLC	2,234,086	0	For
Legal & General Investment Management Ltd	0	1,680,917	Against
Desjardins Global Asset Management Inc.	1,167,500	0	For
MELLON INVESTMENTS Corp	1,097,112	0	For
Northern Trust	986,168	0	For
FULLER & THALER ASSET MANAGEMENT, INC.	960,298	0	For
DIAMOND HILL CAPITAL MANAGEMENT INC	896,463	0	For
Global Alpha Capital Management Ltd.	0	607,447	Against
PRINCIPAL GLOBAL INVESTORS	503,886	0	For
Cohen & Steers	442,521	0	For
Nuveen	415,767	0	For
Point72	388,505	0	For
MARSHALL WACE, LLP	302,126	0	For
PARAMETRIC PORTFOLIO ASSOCIATES LLC	242,639	0	For
UBS	232,298	0	For

Institutional-manager reports, all 327 managers: 67,119,893 for, 2,827,853 against, 1,188 abstained, 210 not voted. Showing the 25 largest; see all in the interactive database.

11. Ratification of Independent Registered Public Accounting Firm

Outcome not verifiedAUDIT-RELATEDReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

99.5% Majority: yes · of votes cast

FOR 99.5%

FOR: 139,343,136AGAINST: 636,610

Details: description as filed, official tally, votes by 85 asset managers

Description as filed by funds: Ratification of the appointment of Ernst & Young, LLP as the independent registered public accounting firm for 2024.

RAYONIER INC.’s own tally for this item (“Ratification of Independent Registered Public Accounting Firm”): 139,343,136 for, 636,610 against, per its Form 8-K filed May 16, 2024 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.5% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 85 asset managers below reported 69,127,563 for, 6,257 against, 28,516 abstained.

FOR

FOR: 69,127,563AGAINST: 6,257ABSTAIN: 28,516

Largest asset managers voting on “Ratification of the appointment of Ernst & Young, LLP as the independent registered public accounting firm for” at RAYONIER INC., 2023-2024
Asset manager	For	Against	Vote
Vanguard	20,635,399	0	For
T. Rowe Price	8,894,795	0	For
BlackRock	7,433,891	0	For
Cohen & Steers	5,555,284	0	For
JPMorgan	4,682,442	0	For
Victory Capital	2,538,485	0	For
Fidelity	2,465,176	0	For
Charles Schwab	2,392,264	0	For
MFS	1,456,845	0	For
John Hancock	1,365,795	0	For
Bridge Builder Trust	1,169,430	0	For
CENTRAL SECURITIES CORP	1,000,000	0	For
DIAMOND HILL FUNDS	951,919	0	For
State Street	887,289	103	For
UNDISCOVERED MANAGERS FUNDS	849,469	0	For
MASSACHUSETTS INVESTORS TRUST	742,512	0	For
Columbia Threadneedle	473,695	0	For
TIAA	410,204	0	For
DWS	405,813	0	For
Equitable	387,096	0	For
IMPAX FUNDS SERIES TRUST I	361,676	0	For
Northern Trust	356,992	0	For
AIG/SunAmerica	343,202	0	For
THIRD AVENUE TRUST	319,603	0	For
Principal	280,634	0	For

Showing the 25 largest of 85 asset managers. See all 85 in the interactive database.

Not shown here: this season’s fund filings also report 1 item from the meeting of May 15, 2025, which belongs to the 2024-2025 season. A meeting outside this season’s July 1 to June 30 window is not counted in this page’s items or in its totals of asset managers and fund votes.

Largest RAYONIER INC. shareholders voting in 2023-2024

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 148,649,321 shares outstanding at the time of that meeting.

Fund voting reports: top RAYONIER INC. shareholders by shares voted on “Approval, on a non-binding advisory basis, of the compensation of our named executive officers…”, 2023-2024
#	Asset manager	% of shares outstanding
1	Vanguard	13.88%
2	T. Rowe Price	5.98%
3	BlackRock	5.00%
4	Cohen & Steers	3.74%
5	JPMorgan	3.15%
6	Victory Capital	1.71%
7	Fidelity	1.66%
8	Charles Schwab	1.61%
9	MFS	0.98%
10	John Hancock	0.92%

Institutional-manager reports: top RAYONIER INC. shareholders by shares voted on “Approval, on a non-binding advisory basis, of the compensation of our named executive officers…”, 2023-2024
#	Asset manager	% of shares outstanding
1	T. Rowe Price	12.08%
2	JPMorgan	4.30%
3	MASSACHUSETTS FINANCIAL SERVICES CO /MA/	2.77%
4	BlackRock	2.61%
5	PICTET ASSET MANAGEMENT SA	2.54%
6	State Street	2.51%
7	Victory Capital	2.27%
8	Columbia Threadneedle	2.17%
9	GEODE CAPITAL MANAGEMENT, LLC	1.65%
10	Charles Schwab	1.61%

Reported RAYONIER INC. holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

RAYONIER INC. holdings and ownership disclosed for the 2023-2024 proxy season
Holder	% outstanding	Disclosure
Vanguard Group	13.95%	13F
T. Rowe Price	10.96%	13F
BlackRock	9.89%	13F
Norges Bank	7.68%	13F
State Street	2.79%	13F
JPMorgan Chase	2.54%	13F
Geode Capital	1.72%	13F
Charles Schwab	1.62%	13F
Northern Trust	0.85%	13F
BNY Mellon	0.83%	13F

Percentages above are of 148,649,321 shares outstanding, as reported by RAYONIER INC. on its Form 10-Q dated March 31, 2024 (see the filing on EDGAR). This is the count contemporaneous with the 2023-2024 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from RAYONIER INC.’s 10-Q dated March 31, 2024. This page is a static snapshot rebuilt weekly on October 25, 2026; a live search always shows the current data.

At RAYONIER INC.'s shareholder meeting held May 16, 2024, in the 2023-2024 proxy season, 388 asset managers reported how they voted on 11 ballot items in their SEC Form N-PX filings, covering 3,835 separate fund positions. On the most widely held item on that ballot — Approval, on a non-binding advisory basis, of the compensation of our named executive officers… — FOR was 97% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: RAYONIER INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on May 16, 2024.

RAYONIER INC. proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.

Download data (CSV): ballot items · votes by manager · column guide.