Form 4: PotlatchDeltic VP DeReu Reports Stock Transactions
Insider Transaction Report
PotlatchDeltic's Vice President of Real Estate, William R. DeReu, reported the acquisition of shares from a performance award and subsequent sale of shares to cover tax obligations.
Summary
- William R. DeReu, Vice President, Real Estate at PotlatchDeltic Corp (PCH), reported changes in his beneficial ownership of common stock.
- On December 19, 2025, DeReu acquired 5,072 shares of common stock at a price of $0, representing the settlement of a 2023-2025 performance share award.
- Following this acquisition, his beneficial ownership increased to 77,123.299 shares.
- On December 22, 2025, DeReu disposed of 3,278 shares of common stock at a weighted average sales price of $39.33 per share.
- These sales were executed under a Rule 10b5-1(c) plan adopted on August 12, 2024, specifically for 'sell to cover' purposes to satisfy tax withholding obligations from previously granted restricted stock unit awards and performance share awards.
- The sales do not represent discretionary trades by the reporting person.
- After these transactions, DeReu's beneficial ownership stands at 73,845.299 shares.
Sentiment
Score: 5
Explanation: The filing is neutral, reporting routine insider transactions related to executive compensation and tax obligations, not discretionary trading or significant company news.
Positives
- Acquisition of 5,072 shares of common stock on December 19, 2025, as settlement of a 2023-2025 performance share award, indicating successful achievement of performance targets.
Negatives
- Disposition of 3,278 shares of common stock, although for tax purposes, reduces the executive's direct ownership.
Future Outlook
NA
Management Comments
- These sales were effected pursuant to written instructions adopted by the reporting person on August 12, 2024, which are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
- Pursuant to the written instructions, 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
NA
Stakeholder Impact
- Shareholders: Minor dilution from the shares issued (if new shares) and subsequent sale, but generally considered routine for executive compensation. The 'sell to cover' nature suggests no negative discretionary sentiment from the executive.
- Employees: No direct impact.
- Customers/Suppliers/Creditors: No direct impact.
Key Dates
| Date | Description |
|---|---|
| 2024-08-12 | Date reporting person adopted written instructions for a 'sell to cover' plan under Rule 10b5-1(c). |
| 2025-12-19 | Date of acquisition of 5,072 shares of common stock from a 2023-2025 performance share award settlement. |
| 2025-12-22 | Date of disposition of 3,278 shares of common stock to satisfy tax withholding obligations. |
| 2025-12-23 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
PotlatchDeltic, PCH, Insider Trading, Form 4, Stock Transaction, Executive Compensation, Performance Shares, Rule 10b5-1, William R. DeReu
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