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RAYONIER INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and RAYONIER INC.’s Form 8-K, filed 2025-05-15 (Item 5.07 on EDGAR). Page generated 04 October 2026.

13Reported items
433Asset managers
3,778Fund votes
2025-05-15Meeting date

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

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

Official 2024-2025 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 2025-05-15 (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 2025-05-15
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Outcome
Elect Director: Keith Bass	133,288,971	3,838,658	130,414	--	7,546,863	Majority: yes
Elect Director: Gregg A. Gonsalves	135,964,103	1,142,371	151,569	--	7,546,863	Majority: yes
Elect Director: Scott R. Jones	135,449,362	1,679,423	129,258	--	7,546,863	Majority: yes
Elect Director: V. Larkin Martin	134,509,647	2,608,339	140,057	--	7,546,863	Majority: yes
Elect Director: Mark D. McHugh	136,708,310	446,359	103,374	--	7,546,863	Majority: yes
Elect Director: Meridee A. Moore	135,904,793	1,246,498	106,752	--	7,546,863	Majority: yes
Elect Director: Ann C. Nelson	135,771,666	1,387,556	98,821	--	7,546,863	Majority: yes
Elect Director: Matthew J. Rivers	136,564,554	588,727	104,762	--	7,546,863	Majority: yes
Elect Director: Andrew G. Wiltshire	136,483,563	669,064	105,416	--	7,546,863	Majority: yes
Elect Director: Non-binding Advisory Vote on the Compensation of Our Named Executive Officers	131,872,552	5,152,726	232,765	--	7,546,863	Majority: yes
Elect Director: Ratification of Independent Registered Public Accounting Firm	143,949,728	690,681	164,497	--	--	Majority: yes

Source: RAYONIER INC., Form 8-K, filed with the SEC on 2025-05-15 — read the filing on EDGAR.

How asset managers voted at the RAYONIER INC. 2024-2025 meeting

Each item below shows how the 433 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. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of RAYONIER INC.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Approval, on a non-binding advisory basis, of the compensation of our named executive officers as disclosed in the proxy statement.

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 14 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%

FOR: 131,872,552AGAINST: 5,152,726

RAYONIER INC.’s own tally for this item (“Elect Director: Non-binding Advisory Vote on the Compensation of Our Named Executive Officers”): 131,872,552 for, 5,152,726 against, per its Form 8-K filed 2025-05-15 (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. Of all 156,007,772 outstanding shares: 85% for, 3% against (88% of the company cast a for/against vote).

The 430 asset managers below cast 97% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the total votes cast at the meeting.

FOR 97%

FOR: 97.1%AGAINST: 2.8%ABSTAIN: 0.0%NOT VOTED: 0.0%

Largest 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., 2024-2025
Asset manager	For	Against	Vote
T. Rowe Price	28,666,731	0	For
Vanguard	21,033,474	0	For
BlackRock	13,064,210	788	For
Cohen & Steers	10,316,826	0	For
State Street	5,201,731	0	For
Charles Schwab	4,963,555	0	For
IMPAX ASSET MANAGEMENT LLC	4,822,467	0	For
Columbia Threadneedle	4,317,488	0	For
Victory Capital	4,150,522	0	For
PICTET ASSET MANAGEMENT SA	3,718,176	0	For
GEODE CAPITAL MANAGEMENT, LLC	2,705,248	0	For
Fidelity	2,614,187	0	For
JPMorgan	2,287,338	0	For
Legal & General Investment Management Ltd	0	2,185,123	Against
Northern Trust	1,450,577	0	For
CENTRAL SECURITIES CORP	1,201,474	0	For
John Hancock	1,108,406	0	For
GRS Advisors, LLC	1,108,193	0	For
FULLER & THALER ASSET MANAGEMENT, INC.	1,029,351	0	For
Global Alpha Capital Management Ltd.	0	945,962	Against
UNDISCOVERED MANAGERS FUNDS	891,545	0	For
MELLON INVESTMENTS Corp	888,768	0	For
Bridge Builder Trust	879,898	0	For
Nuveen	804,604	0	For
Texas County & District Retirement System	758,122	0	For

Showing the 25 largest of 430 asset managers. See all 430 in the interactive database.

2. Election of Directors: Scott R. Jones

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 3 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 135,449,362AGAINST: 1,679,423

RAYONIER INC.’s own tally for this item (“Elect Director: Scott R. Jones”): 135,449,362 for, 1,679,423 against, per its Form 8-K filed 2025-05-15 (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. Of all 156,007,772 outstanding shares: 87% for, 1% against (88% of the company cast a for/against vote).

The 86 asset managers below cast 99.9% of the shares they voted on this item FOR (64,309,443 for, 32,646 against).

FOR 99.9%

FOR: 64,309,443 (99.9%)AGAINST: 32,646 (0.1%)ABSTAIN: 24,531 (0.0%)

Largest asset managers voting on “Election of Directors: Scott R. Jones” at RAYONIER INC., 2024-2025
Asset manager	For	Vote
Vanguard	20,659,381	For
T. Rowe Price	9,335,865	For
Cohen & Steers	8,559,204	For
BlackRock	8,016,902	For
Fidelity	2,520,127	For
Charles Schwab	2,481,582	For
Victory Capital	1,793,024	For
CENTRAL SECURITIES CORP	1,201,474	For
State Street	1,033,791	For
John Hancock	997,753	For
UNDISCOVERED MANAGERS FUNDS	891,545	For
Bridge Builder Trust	879,898	For
TIAA	582,745	For
DWS	526,976	For
Northern Trust	370,245	For
IMPAX FUNDS SERIES TRUST I	354,296	For
Empower	243,619	For
THIRD AVENUE TRUST	241,803	For
Northwestern Mutual	221,315	For
Jackson National	214,124	For
Equitable	204,721	For
Principal	192,200	For
STEWARD FUNDS, INC.	172,258	For
AIG/SunAmerica	170,209	For
JPMorgan	150,497	For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

3. Election of Directors: Keith E. Bass

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 3 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 133,288,971AGAINST: 3,838,658

RAYONIER INC.’s own tally for this item (“Elect Director: Keith Bass”): 133,288,971 for, 3,838,658 against, per its Form 8-K filed 2025-05-15 (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. Of all 156,007,772 outstanding shares: 85% for, 2% against (88% of the company cast a for/against vote).

The 86 asset managers below cast 99.9% of the shares they voted on this item FOR (64,336,313 for, 5,776 against).

FOR 99.9%

FOR: 64,336,313 (100.0%)AGAINST: 5,776 (0.0%)ABSTAIN: 24,531 (0.0%)

Largest asset managers voting on “Election of Directors: Keith E. Bass” at RAYONIER INC., 2024-2025
Asset manager	For	Vote
Vanguard	20,659,381	For
T. Rowe Price	9,335,865	For
Cohen & Steers	8,559,204	For
BlackRock	8,016,902	For
Fidelity	2,520,127	For
Charles Schwab	2,481,582	For
Victory Capital	1,793,024	For
CENTRAL SECURITIES CORP	1,201,474	For
State Street	1,033,791	For
John Hancock	997,753	For
UNDISCOVERED MANAGERS FUNDS	891,545	For
Bridge Builder Trust	879,898	For
TIAA	582,745	For
DWS	526,976	For
Northern Trust	370,245	For
IMPAX FUNDS SERIES TRUST I	354,296	For
Empower	243,619	For
THIRD AVENUE TRUST	241,803	For
Northwestern Mutual	221,315	For
Jackson National	214,124	For
Equitable	204,721	For
Principal	192,200	For
STEWARD FUNDS, INC.	172,258	For
AIG/SunAmerica	170,209	For
JPMorgan	150,497	For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

4. Election of Directors: Gregg A. Gonsalves

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 3 wordings of this item as funds reported it.

99.1% Majority: yes · of votes cast

FOR 99.1%

FOR: 135,964,103AGAINST: 1,142,371

RAYONIER INC.’s own tally for this item (“Elect Director: Gregg A. Gonsalves”): 135,964,103 for, 1,142,371 against, per its Form 8-K filed 2025-05-15 (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. Of all 156,007,772 outstanding shares: 87% for, 0.8% against (88% of the company cast a for/against vote).

The 86 asset managers below cast 99.9% of the shares they voted on this item FOR (64,336,313 for, 5,776 against).

FOR 99.9%

FOR: 64,336,313 (100.0%)AGAINST: 5,776 (0.0%)ABSTAIN: 24,531 (0.0%)

Largest asset managers voting on “Election of Directors: Gregg A. Gonsalves” at RAYONIER INC., 2024-2025
Asset manager	For	Vote
Vanguard	20,659,381	For
T. Rowe Price	9,335,865	For
Cohen & Steers	8,559,204	For
BlackRock	8,016,902	For
Fidelity	2,520,127	For
Charles Schwab	2,481,582	For
Victory Capital	1,793,024	For
CENTRAL SECURITIES CORP	1,201,474	For
State Street	1,033,791	For
John Hancock	997,753	For
UNDISCOVERED MANAGERS FUNDS	891,545	For
Bridge Builder Trust	879,898	For
TIAA	582,745	For
DWS	526,976	For
Northern Trust	370,245	For
IMPAX FUNDS SERIES TRUST I	354,296	For
Empower	243,619	For
THIRD AVENUE TRUST	241,803	For
Northwestern Mutual	221,315	For
Jackson National	214,124	For
Equitable	204,721	For
Principal	192,200	For
STEWARD FUNDS, INC.	172,258	For
AIG/SunAmerica	170,209	For
JPMorgan	150,497	For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

5. Election of Directors: V. Larkin Martin

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 3 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 134,509,647AGAINST: 2,608,339

RAYONIER INC.’s own tally for this item (“Elect Director: V. Larkin Martin”): 134,509,647 for, 2,608,339 against, per its Form 8-K filed 2025-05-15 (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. Of all 156,007,772 outstanding shares: 86% for, 2% against (88% of the company cast a for/against vote).

The 86 asset managers below cast 99.9% of the shares they voted on this item FOR (64,309,121 for, 32,968 against).

FOR 99.9%

FOR: 64,309,121 (99.9%)AGAINST: 32,968 (0.1%)ABSTAIN: 24,531 (0.0%)

Largest asset managers voting on “Election of Directors: V. Larkin Martin” at RAYONIER INC., 2024-2025
Asset manager	For	Against	Vote
Vanguard	20,659,381	0	For
T. Rowe Price	9,335,865	0	For
Cohen & Steers	8,559,204	0	For
BlackRock	8,016,902	0	For
Fidelity	2,520,127	0	For
Charles Schwab	2,481,582	0	For
Victory Capital	1,793,024	0	For
CENTRAL SECURITIES CORP	1,201,474	0	For
State Street	1,033,745	46	For
John Hancock	997,753	0	For
UNDISCOVERED MANAGERS FUNDS	891,545	0	For
Bridge Builder Trust	879,622	276	For
TIAA	582,745	0	For
DWS	526,976	0	For
Northern Trust	370,245	0	For
IMPAX FUNDS SERIES TRUST I	354,296	0	For
Empower	243,619	0	For
THIRD AVENUE TRUST	241,803	0	For
Northwestern Mutual	221,315	0	For
Jackson National	214,124	0	For
Equitable	204,721	0	For
Principal	192,200	0	For
STEWARD FUNDS, INC.	172,258	0	For
AIG/SunAmerica	170,209	0	For
JPMorgan	150,497	0	For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

6. Election of Directors: Mark D. McHugh

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 4 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%

FOR: 136,708,310AGAINST: 446,359

RAYONIER INC.’s own tally for this item (“Elect Director: Mark D. McHugh”): 136,708,310 for, 446,359 against, per its Form 8-K filed 2025-05-15 (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. Of all 156,007,772 outstanding shares: 88% for, 0.3% against (88% of the company cast a for/against vote).

The 86 asset managers below cast 99.9% of the shares they voted on this item FOR (64,336,926 for, 5,163 against).

FOR 99.9%

FOR: 64,336,926 (100.0%)AGAINST: 5,163 (0.0%)ABSTAIN: 24,531 (0.0%)

Largest asset managers voting on “Election of Directors: Mark D. McHugh” at RAYONIER INC., 2024-2025
Asset manager	For	Vote
Vanguard	20,659,381	For
T. Rowe Price	9,335,865	For
Cohen & Steers	8,559,204	For
BlackRock	8,016,902	For
Fidelity	2,520,127	For
Charles Schwab	2,481,582	For
Victory Capital	1,793,024	For
CENTRAL SECURITIES CORP	1,201,474	For
State Street	1,033,791	For
John Hancock	997,753	For
UNDISCOVERED MANAGERS FUNDS	891,545	For
Bridge Builder Trust	879,898	For
TIAA	582,745	For
DWS	526,976	For
Northern Trust	370,245	For
IMPAX FUNDS SERIES TRUST I	354,296	For
Empower	243,619	For
THIRD AVENUE TRUST	241,803	For
Northwestern Mutual	221,315	For
Jackson National	214,124	For
Equitable	204,721	For
Principal	192,200	For
STEWARD FUNDS, INC.	172,258	For
AIG/SunAmerica	170,209	For
JPMorgan	150,497	For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

7. Election of Directors: Meridee A. Moore

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 3 wordings of this item as funds reported it.

99.0% Majority: yes · of votes cast

FOR 99.0%

FOR: 135,904,793AGAINST: 1,246,498

RAYONIER INC.’s own tally for this item (“Elect Director: Meridee A. Moore”): 135,904,793 for, 1,246,498 against, per its Form 8-K filed 2025-05-15 (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. Of all 156,007,772 outstanding shares: 87% for, 0.8% against (88% of the company cast a for/against vote).

The 86 asset managers below cast 99.9% of the shares they voted on this item FOR (64,315,219 for, 26,870 against).

FOR 99.9%

FOR: 64,315,219 (99.9%)AGAINST: 26,870 (0.0%)ABSTAIN: 24,531 (0.0%)

Largest asset managers voting on “Election of Directors: Meridee A. Moore” at RAYONIER INC., 2024-2025
Asset manager	For	Vote
Vanguard	20,659,381	For
T. Rowe Price	9,335,865	For
Cohen & Steers	8,559,204	For
BlackRock	8,016,902	For
Fidelity	2,520,127	For
Charles Schwab	2,481,582	For
Victory Capital	1,793,024	For
CENTRAL SECURITIES CORP	1,201,474	For
State Street	1,033,791	For
John Hancock	997,753	For
UNDISCOVERED MANAGERS FUNDS	891,545	For
Bridge Builder Trust	879,898	For
TIAA	582,745	For
DWS	526,976	For
Northern Trust	370,245	For
IMPAX FUNDS SERIES TRUST I	354,296	For
Empower	243,619	For
THIRD AVENUE TRUST	241,803	For
Northwestern Mutual	221,315	For
Jackson National	214,124	For
Equitable	204,721	For
Principal	192,200	For
STEWARD FUNDS, INC.	172,258	For
AIG/SunAmerica	170,209	For
JPMorgan	150,497	For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

8. Election of Directors: Ann C. Nelson

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 3 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 135,771,666AGAINST: 1,387,556

RAYONIER INC.’s own tally for this item (“Elect Director: Ann C. Nelson”): 135,771,666 for, 1,387,556 against, per its Form 8-K filed 2025-05-15 (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. Of all 156,007,772 outstanding shares: 87% for, 0.9% against (88% of the company cast a for/against vote).

The 86 asset managers below cast 99.9% of the shares they voted on this item FOR (64,336,313 for, 5,776 against).

FOR 99.9%

FOR: 64,336,313 (100.0%)AGAINST: 5,776 (0.0%)ABSTAIN: 24,531 (0.0%)

Largest asset managers voting on “Election of Directors: Ann C. Nelson” at RAYONIER INC., 2024-2025
Asset manager	For	Vote
Vanguard	20,659,381	For
T. Rowe Price	9,335,865	For
Cohen & Steers	8,559,204	For
BlackRock	8,016,902	For
Fidelity	2,520,127	For
Charles Schwab	2,481,582	For
Victory Capital	1,793,024	For
CENTRAL SECURITIES CORP	1,201,474	For
State Street	1,033,791	For
John Hancock	997,753	For
UNDISCOVERED MANAGERS FUNDS	891,545	For
Bridge Builder Trust	879,898	For
TIAA	582,745	For
DWS	526,976	For
Northern Trust	370,245	For
IMPAX FUNDS SERIES TRUST I	354,296	For
Empower	243,619	For
THIRD AVENUE TRUST	241,803	For
Northwestern Mutual	221,315	For
Jackson National	214,124	For
Equitable	204,721	For
Principal	192,200	For
STEWARD FUNDS, INC.	172,258	For
AIG/SunAmerica	170,209	For
JPMorgan	150,497	For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

9. Election of Directors: Matthew J. Rivers

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 3 wordings of this item as funds reported it.

99.5% Majority: yes · of votes cast

FOR 99.5%

FOR: 136,564,554AGAINST: 588,727

RAYONIER INC.’s own tally for this item (“Elect Director: Matthew J. Rivers”): 136,564,554 for, 588,727 against, per its Form 8-K filed 2025-05-15 (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. Of all 156,007,772 outstanding shares: 88% for, 0.4% against (88% of the company cast a for/against vote).

The 86 asset managers below cast 99.9% of the shares they voted on this item FOR (64,315,219 for, 26,870 against).

FOR 99.9%

FOR: 64,315,219 (99.9%)AGAINST: 26,870 (0.0%)ABSTAIN: 24,531 (0.0%)

Largest asset managers voting on “Election of Directors: Matthew J. Rivers” at RAYONIER INC., 2024-2025
Asset manager	For	Vote
Vanguard	20,659,381	For
T. Rowe Price	9,335,865	For
Cohen & Steers	8,559,204	For
BlackRock	8,016,902	For
Fidelity	2,520,127	For
Charles Schwab	2,481,582	For
Victory Capital	1,793,024	For
CENTRAL SECURITIES CORP	1,201,474	For
State Street	1,033,791	For
John Hancock	997,753	For
UNDISCOVERED MANAGERS FUNDS	891,545	For
Bridge Builder Trust	879,898	For
TIAA	582,745	For
DWS	526,976	For
Northern Trust	370,245	For
IMPAX FUNDS SERIES TRUST I	354,296	For
Empower	243,619	For
THIRD AVENUE TRUST	241,803	For
Northwestern Mutual	221,315	For
Jackson National	214,124	For
Equitable	204,721	For
Principal	192,200	For
STEWARD FUNDS, INC.	172,258	For
AIG/SunAmerica	170,209	For
JPMorgan	150,497	For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

10. Election of Directors: Andrew G. Wiltshire

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 3 wordings of this item as funds reported it.

99.5% Majority: yes · of votes cast

FOR 99.5%

FOR: 136,483,563AGAINST: 669,064

RAYONIER INC.’s own tally for this item (“Elect Director: Andrew G. Wiltshire”): 136,483,563 for, 669,064 against, per its Form 8-K filed 2025-05-15 (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. Of all 156,007,772 outstanding shares: 87% for, 0.5% against (88% of the company cast a for/against vote).

The 86 asset managers below cast 99.9% of the shares they voted on this item FOR (64,314,606 for, 27,483 against).

FOR 99.9%

FOR: 64,314,606 (99.9%)AGAINST: 27,483 (0.0%)ABSTAIN: 24,531 (0.0%)

Largest asset managers voting on “Election of Directors: Andrew G. Wiltshire” at RAYONIER INC., 2024-2025
Asset manager	For	Vote
Vanguard	20,659,381	For
T. Rowe Price	9,335,865	For
Cohen & Steers	8,559,204	For
BlackRock	8,016,902	For
Fidelity	2,520,127	For
Charles Schwab	2,481,582	For
Victory Capital	1,793,024	For
CENTRAL SECURITIES CORP	1,201,474	For
State Street	1,033,791	For
John Hancock	997,753	For
UNDISCOVERED MANAGERS FUNDS	891,545	For
Bridge Builder Trust	879,898	For
TIAA	582,745	For
DWS	526,976	For
Northern Trust	370,245	For
IMPAX FUNDS SERIES TRUST I	354,296	For
Empower	243,619	For
THIRD AVENUE TRUST	241,803	For
Northwestern Mutual	221,315	For
Jackson National	214,124	For
Equitable	204,721	For
Principal	192,200	For
STEWARD FUNDS, INC.	172,258	For
AIG/SunAmerica	170,209	For
JPMorgan	150,497	For

Showing the 25 largest of 86 asset managers. See all 86 in the interactive database.

11. Ratification of the appointment of Ernst & Young, LLP as the independent registered public accounting firm for 2025.

AUDIT-RELATEDMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 2 wordings of this item as funds reported it.

99.5% Majority: yes · of votes cast

FOR 99.5%

FOR: 143,949,728AGAINST: 690,681

RAYONIER INC.’s own tally for this item (“Elect Director: Ratification of Independent Registered Public Accounting Firm”): 143,949,728 for, 690,681 against, per its Form 8-K filed 2025-05-15 (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. Of all 156,007,772 outstanding shares: 92% for, 0.5% against (93% of the company cast a for/against vote).

The 85 asset managers below cast 99.9% of the shares they voted on this item FOR (64,269,274 for, 659 against).

FOR 99.9%

FOR: 64,269,274 (100.0%)AGAINST: 659 (0.0%)ABSTAIN: 24,531 (0.0%)

Largest asset managers voting on “Ratification of the appointment of Ernst & Young, LLP as the independent registered public accounting firm for” at RAYONIER INC., 2024-2025
Asset manager	For	Against	Vote
Vanguard	20,659,381	0	For
T. Rowe Price	9,335,865	0	For
Cohen & Steers	8,559,204	0	For
BlackRock	8,016,902	0	For
Fidelity	2,520,127	0	For
Charles Schwab	2,481,582	0	For
Victory Capital	1,793,024	0	For
CENTRAL SECURITIES CORP	1,201,474	0	For
State Street	1,033,745	46	For
John Hancock	997,753	0	For
UNDISCOVERED MANAGERS FUNDS	891,545	0	For
Bridge Builder Trust	879,898	0	For
TIAA	582,745	0	For
DWS	526,976	0	For
Northern Trust	370,245	0	For
IMPAX FUNDS SERIES TRUST I	354,296	0	For
THIRD AVENUE TRUST	241,803	0	For
Northwestern Mutual	221,315	0	For
Jackson National	214,124	0	For
Equitable	204,721	0	For
Principal	192,200	0	For
Empower	172,390	0	For
STEWARD FUNDS, INC.	172,258	0	For
AIG/SunAmerica	170,209	0	For
JPMorgan	150,497	0	For

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

12. Ratify Ernst & Young, LLP as Auditors

AUDIT-RELATED

Meeting held 2025-05-15.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (72,156 for, 0 against).

FOR: 72,156 (100.0%)

Largest asset managers voting on “Ratify Ernst & Young, LLP as Auditors” at RAYONIER INC., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Empower	71,229	0	0	0	For
GuideStone	927	0	0	0	For

13. Approval, on a non-binding advisory basis, of the compensation of our named executive officers as disclosed in the proxy statement

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2024-05-16 (outside the 2024-2025 season's 1 July to 30 June window; reported in this season's filings).

97% Majority: yes · of votes cast

FOR 97%

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

RAYONIER INC.’s own tally for this item (“Elect Director: 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 2024-05-16 (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. Of all 156,007,772 outstanding shares: 83% for, 2% against (85% of the company cast a for/against vote).

The 2 asset managers below cast 100% of the shares they voted on this item FOR (1,073 for, 0 against).

FOR 100%

FOR: 1,073 (100.0%)

Largest 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., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
COLDSTREAM CAPITAL MANAGEMENT INC	719	0	0	0	For
Axiom Financial Strategies, LLC	354	0	0	0	For

Largest RAYONIER INC. shareholders voting in 2024-2025

Ranked by the number of RAYONIER INC. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 156,007,772 shares outstanding at the time of that meeting.

Top RAYONIER INC. shareholders by shares voted, 2024-2025
#	Asset manager	% of shares outstanding
1	T. Rowe Price	18.38%
2	Vanguard	13.48%
3	BlackRock	8.37%
4	Cohen & Steers	6.61%
5	State Street	3.33%
6	Charles Schwab	3.18%
7	IMPAX ASSET MANAGEMENT LLC	3.09%
8	Columbia Threadneedle	2.77%
9	Victory Capital	2.66%
10	PICTET ASSET MANAGEMENT SA	2.38%

Reported RAYONIER INC. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

RAYONIER INC. beneficial owners on record for the 2024-2025 proxy season
Holder	% outstanding	Disclosure
Vanguard Portfolio Management	16.16%	13G
Cohen & Steers, Inc.	14.21%	13G
Vanguard Group	13.37%	13F
T. Rowe Price	10.88%	13F
BlackRock	10.31%	13F
Norges Bank	8.42%	13F
State Street	3.01%	13F
JPMorgan Chase	1.88%	13F
Charles Schwab	1.67%	13F
Northern Trust	1.01%	13F

Percentages above are of 156,007,772 shares outstanding, as reported by RAYONIER INC. on its Form 10-Q dated 2025-03-31 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, 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 2025-03-31. This page is a static snapshot rebuilt weekly on 04 October 2026; a live search always shows the current data.

At RAYONIER INC.'s shareholder meeting held 2025-05-15, in the 2024-2025 proxy season, 433 asset managers reported how they voted in their SEC Form N-PX filings, covering 3,778 separate fund positions. Their filings are grouped here into 13 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. 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 96% 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 2025-05-15.

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