Form 4: PotlatchDeltic VP HR Reports Stock Transactions

PotlatchDeltic's VP of Human Resources, Robert L. Schwartz, reported the acquisition of shares from a performance award and subsequent sale of shares to cover tax obligations.

Summary

• Robert L. Schwartz, VP, Human Resources of PotlatchDeltic Corp (PCH), reported transactions involving the company's common stock.
• On December 19, 2025, Mr. Schwartz acquired 4,930 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 was 55,315.419 shares, which includes adjustments for accrued dividends.
• On December 22, 2025, Mr. Schwartz disposed of 3,303 shares of common stock at a weighted average sales price of $39.33 per share.
• The sales prices for these shares ranged from $39.04 to $39.59 per share.
• These sales were non-discretionary, effected pursuant to a Rule 10b5-1(c) written instruction adopted on August 5, 2024, specifically to satisfy tax withholding obligations arising from the settlement of restricted stock unit and performance share awards.
• After the disposition, Mr. Schwartz's beneficial ownership stands at 52,012.419 shares.

Sentiment

Score: 5

Explanation: The filing reports routine, non-discretionary insider transactions related to executive compensation and tax obligations, which is neutral in sentiment.

Positives

• The acquisition of 4,930 shares of common stock represents the settlement of a 2023-2025 performance share award, indicating the achievement of performance targets by the reporting person.

Negatives

• The disposition of 3,303 shares reduces the direct beneficial ownership of the VP of Human Resources, although it was a non-discretionary sale for tax purposes.

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 5, 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 details a routine insider transaction related to executive compensation and tax obligations, which is common across publicly traded companies and does not directly reflect broader industry trends or competitive positioning.

Comparison to Industry Standards

• The use of a Rule 10b5-1(c) plan for 'sell to cover' transactions is a standard practice among executives in publicly traded companies to manage equity compensation and tax liabilities in compliance with insider trading regulations.
• The settlement of performance share awards is a common component of executive compensation packages across various industries, aligning executive incentives with company performance over multi-year periods.

Corporate Governance

Stakeholder Impact

• Shareholders: The transactions are routine and pre-planned, indicating no discretionary selling by management that might signal a negative outlook on the company's stock. The acquisition of shares from a performance award reflects achievement of company goals.
• Employees: The filing details executive compensation practices, which can be a factor in overall employee morale and retention strategies.

Key Dates

Keywords

PotlatchDeltic, PCH, Insider Transaction, Form 4, Executive Compensation, Performance Shares, Stock Award, Rule 10b5-1, Tax Withholding