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

Michele Tyler, VP, General Counsel & Corp Sec of PotlatchDeltic Corp, sold 3,170 shares of common stock on February 10, 2025, to cover tax withholding obligations.

Summary

• On February 10, 2025, Michele Tyler, VP, General Counsel & Corp Sec of PotlatchDeltic Corp, sold 3,170 shares of common stock.
• The sale was executed at a weighted average price of $44.72 per share, with individual sales prices ranging from $44.51 to $45.07.
• The transaction was conducted under a pre-arranged trading plan (Rule 10b5-1(c)) adopted on August 1, 2024.
• 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, Tyler directly owns 39,446.322 shares of PotlatchDeltic Corp.
• The sale does not represent discretionary trades by the reporting person.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction for tax purposes under a pre-existing plan. It doesn't indicate a change in the executive's confidence in the company.

Industry Context

This is a routine Form 4 filing related to an insider stock sale for tax obligation purposes. Such filings are common and provide transparency into executive stock transactions.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale and the pre-arranged trading plan.

Key Dates

Keywords

Form 4, Insider Trading, Stock Sale, PotlatchDeltic Corp, PCH, Michele Tyler, Rule 10b5-1(c), Tax Withholding