Form 4: PotlatchDeltic Exec Reports Stock Transactions

PotlatchDeltic's VP, General Counsel & Corporate Secretary, Michele Tyler, reported the acquisition of shares from a performance award and subsequent sale to cover tax obligations.

Summary

• Michele Tyler, Vice President, General Counsel & Corporate Secretary of PotlatchDeltic Corp (PCH), reported transactions involving the company's common stock.
• On December 19, 2025, Tyler acquired 6,489 shares of common stock at a price of $0, representing the settlement of a 2023-2025 performance share award.
• Following this acquisition, Tyler's beneficial ownership increased to 46,526.687 shares, which includes adjustments for dividends accrued.
• On December 22, 2025, Tyler disposed of 4,343 shares of common stock at a weighted average sales price of $39.36 per share.
• The sales prices for the disposed shares ranged from $39.12 to $39.70 per share.
• These sales were executed pursuant to a Rule 10b5-1(c) written instruction adopted on August 1, 2024.
• The purpose of the sales was to satisfy tax withholding obligations arising from the settlement of previously granted restricted stock unit awards and performance share awards, and were not discretionary trades.
• After these transactions, Tyler's direct beneficial ownership stands at 42,183.687 shares.

Sentiment

Score: 5

Explanation: The filing is a routine report of insider transactions, specifically a performance award settlement and a tax-related 'sell to cover' sale, which are neutral in terms of company sentiment.

Positives

• Acquisition of 6,489 shares of common stock at $0 as settlement of a 2023-2025 performance share award, indicating achievement of performance targets.

Negatives

• Disposition of 4,343 shares of common stock, reducing direct beneficial ownership.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• The sales were effected pursuant to written instructions adopted by the reporting person on August 1, 2024, which are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• The reporting person made a 'sell to cover' election for the sole purpose of satisfying the tax withholding obligations arising upon the settlement of previously granted restricted stock unit awards and performance share awards.
• These sales do not represent discretionary trades by the reporting person.

Industry Context

This Form 4 filing reports routine insider stock transactions and does not provide information related to broader industry trends or competitors.

Corporate Governance

Stakeholder Impact

• Shareholders: The transactions represent a routine, non-discretionary insider stock activity, which typically has minimal direct impact on shareholder value or perception.
• Employees: The settlement of performance share awards indicates the company's compensation structure for executives, aligning incentives with company performance.

Key Dates

Keywords

PotlatchDeltic, PCH, Form 4, Insider Transaction, Michele Tyler, Performance Share Award, Tax Withholding, Rule 10b5-1, Common Stock