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

Robert L. Schwartz, VP of Human Resources at PotlatchDeltic Corp, sold 2,456 shares of common stock on February 10, 2025, to cover tax obligations related to previously granted stock awards.

Summary

• Robert L. Schwartz, the VP of Human Resources at PotlatchDeltic Corp, reported a transaction on February 10, 2025.
• He sold 2,456 shares of common stock at a weighted average price of $44.72 per share.
• The sale was executed under a pre-arranged trading plan (Rule 10b5-1(c)) adopted on August 5, 2024.
• The purpose of the sale was to cover tax withholding obligations arising from the settlement of restricted stock unit and performance share awards.
• Following the transaction, Schwartz beneficially owns 50,049.055 shares of PotlatchDeltic Corp.
• The sales prices ranged from $44.53 to $45.07 per share.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Management Comments

• The sales do not represent discretionary trades by the reporting person.

Industry Context

This is a routine Form 4 filing related to insider transactions. It is common for executives to sell shares to cover tax obligations related to stock awards.

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.

Key Dates

Keywords

PotlatchDeltic Corp, Robert L. Schwartz, Form 4, Stock Sale, Rule 10b5-1(c), Tax Obligations, Insider Trading