Form 4: PotlatchDeltic Corp Executive Ashlee Townsend Cribb Sells Shares to Cover Tax Obligations

Ashlee Townsend Cribb, Vice President of Wood Products at PotlatchDeltic Corp, sold 3,454 shares of common stock on February 10, 2025, to cover tax withholding obligations related to previously granted restricted stock units and performance share awards.

Summary

• Ashlee Townsend Cribb, a Vice President at PotlatchDeltic Corp, sold 3,454 shares of the company's common stock on February 10, 2025.
• The sale was executed at a weighted average price of $44.67 per share, with individual sales prices ranging from $44.45 to $45.07.
• The transaction was conducted under a pre-arranged written plan adopted on August 1, 2024, designed to comply with Rule 10b5-1(c).
• The purpose of the sale was to cover tax withholding obligations arising from the settlement of previously granted restricted stock unit awards and performance share awards.
• Following the transaction, Cribb directly owns 36,779.335 shares of PotlatchDeltic Corp.
• The reporting person has made a 'sell to cover' election for the sole purpose of satisfying the tax withholding obligations.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing relates to a routine stock sale for tax purposes and doesn't indicate any significant change in the company's prospects or the executive's confidence.

Industry Context

This is a routine Form 4 filing related to an insider stock sale to cover tax obligations, which is a common practice among corporate executives. It doesn't necessarily indicate a change in the executive's confidence in the company.

Comparison to Industry Standards

• Executive stock sales for tax purposes are a common occurrence across publicly traded companies.
• Companies like Weyerhaeuser and Rayonier also see similar filings from their executives periodically.
• The use of 10b5-1 trading plans is a standard practice to avoid accusations of insider trading.

Stakeholder Impact

• The stock sale has a minimal impact on shareholders as it is a small percentage of the outstanding shares and was conducted under a pre-arranged trading plan.

Key Dates

Keywords

PotlatchDeltic Corp, Ashlee Townsend Cribb, stock sale, Form 4, insider trading, Rule 10b5-1, tax obligations, restricted stock units, performance share awards, PCH