Form 4: PotlatchDeltic CFO Wasechek Reports Share Transactions

PotlatchDeltic's CFO, Wayne Wasechek, reported the acquisition of shares from a performance award and subsequent sale to cover tax obligations.

Summary

• Wayne Wasechek, Vice President and Chief Financial Officer of PotlatchDeltic Corp (PCH), reported transactions involving the company's common stock.
• On December 19, 2025, Wasechek acquired 2,472 shares of common stock as settlement of a 2023-2025 performance share award, with an acquisition price of $0 per share.
• Following this acquisition, Wasechek's beneficial ownership increased to 30,676.848 shares, including adjustments for accrued dividends.
• On December 22, 2025, Wasechek disposed of 1,651 shares of common stock at a weighted average sales price of $39.48 per share.
• These sales were executed under a Rule 10b5-1 plan adopted on August 1, 2024, specifically to satisfy tax withholding obligations arising from the settlement of previously granted restricted stock unit awards and performance share awards.
• After the disposition, Wasechek's beneficial ownership stands at 29,025.848 shares.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation and tax obligations, which are neutral in terms of company-specific sentiment. The transactions were pre-planned and not discretionary.

Positives

• The acquisition of 2,472 shares of common stock represents the settlement of a 2023-2025 performance share award, indicating successful achievement of performance metrics by the executive.

Negatives

• The disposition of 1,651 shares, although for tax withholding purposes, results in a reduction of the executive's direct beneficial ownership in the company.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• The sales were effected pursuant to written instructions adopted by the reporting person on August 1, 2024, which are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• The reporting person made a 'sell to cover' election for the sole purpose of satisfying the tax withholding obligations arising upon the settlement of previously granted restricted stock unit awards and performance share awards.
• These sales do not represent discretionary trades by the reporting person.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, common for executives of publicly traded companies receiving equity-based compensation. The use of a Rule 10b5-1 plan for tax-related sales is a standard practice to ensure compliance with insider trading regulations.

Corporate Governance

Stakeholder Impact

• Shareholders: The transactions are routine and pre-planned, unlikely to have a significant direct impact on shareholder value or perception. They reflect standard executive compensation practices.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Keywords

PotlatchDeltic, PCH, Form 4, Insider Transaction, Wayne Wasechek, CFO, Performance Share Award, Stock Sale, Tax Withholding, Rule 10b5-1 Plan