Form 4: PotlatchDeltic Director Anne L. Alonzo Reports Acquisition of Restricted Stock Units

Director Anne L. Alonzo reported the acquisition of restricted stock units and deferred stock units in PotlatchDeltic Corporation.

Summary

• On May 9, 2024, Anne L. Alonzo, a director of PotlatchDeltic Corporation, reported the acquisition of 3,026.071 restricted stock units (RSUs).
• These RSUs will vest on May 9, 2025, contingent upon continued service.
• Vested shares may be converted into common stock units and deferred according to the company's 2019 Long-Term Incentive Plan.
• Alonzo also reported owning 8,199.086 shares of common stock, which includes common stock units representing quarterly dividends.
• The report was filed in accordance with Section 16(a) of the Securities Exchange Act of 1934.
• An updated power of attorney was executed on January 11, 2024, granting Eric J. Cremers, Wayne Wasechek, and Michele L. Tyler the authority to file forms on Alonzo's behalf.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and insider alignment with company performance.

Positives

• The acquisition of restricted stock units aligns the director's interests with the long-term performance of the company.
• The deferral option under the 2019 Long-Term Incentive Plan allows for tax-efficient wealth accumulation.

Future Outlook

The restricted stock units will vest on May 9, 2025, subject to continued service, and may be settled for shares of common stock or deferred under the company's plan.

Industry Context

Reporting of beneficial ownership changes by company insiders is standard practice and required by the SEC to ensure transparency and prevent insider trading.

Stakeholder Impact

• The acquisition of restricted stock units by a director can signal confidence in the company's future performance to shareholders.

Key Dates