Form 4: PotlatchDeltic Director Larry Peiros Reports Phantom Stock Unit Acquisition

Director Larry Peiros reports acquisition of phantom stock units in PotlatchDeltic Corporation through a deferred compensation plan.

Summary

• On April 1, 2024, Larry Peiros, a director of PotlatchDeltic Corporation, reported the acquisition of 602.506 phantom stock units.
• These units were credited to his account under the PotlatchDeltic Corporation Deferred Compensation Plan for Directors II.
• Each phantom stock unit is equivalent to one share of PotlatchDeltic's common stock.
• The units will be paid out in shares of common stock upon Mr. Peiros' termination of service with the issuer.
• Mr. Peiros directly owns 10,884.246 phantom stock units, which includes units representing quarterly dividends.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, indicating a stable and ongoing governance process. The sentiment is neutral to slightly positive as it reflects standard corporate practices.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.
• The Deferred Compensation Plan for Directors II provides a mechanism for directors to accumulate company stock over time.

Future Outlook

The phantom stock units will be paid out in shares of common stock upon the reporting person's termination from service with the issuer.

Industry Context

This filing is a routine disclosure related to executive compensation and is common for publicly traded companies.

Comparison to Industry Standards

• Deferred compensation plans are a common practice among publicly traded companies to incentivize and retain directors.
• The structure of PotlatchDeltic's plan, where phantom stock units are awarded and converted to shares upon termination, is similar to plans offered by companies like Weyerhaeuser and International Paper.

Stakeholder Impact

• The acquisition of phantom stock units by a director aligns their interests with shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates