Form 4: PotlatchDeltic VP Sells Shares for Tax Obligations

PotlatchDeltic's Vice President of Wood Products, Ashlee Townsend Cribb, sold 62 shares of common stock at $39.59 per share to cover tax withholding obligations.

Summary

• Ashlee Townsend Cribb, Vice President, Wood Products at PotlatchDeltic Corp (PCH), reported a sale of common stock.
• The transaction involved the disposition of 62 shares of common stock.
• The shares were sold at a price of $39.59 per share.
• The sale was executed on January 5, 2026.
• Following this transaction, the reporting person beneficially owns 39,690.217 shares of common stock.
• The sale was a "sell to cover" transaction, specifically to satisfy tax withholding obligations arising from the settlement of previously granted restricted stock unit awards and performance share awards.
• This was not a discretionary trade by the reporting person.
• The transaction was made pursuant to a Rule 10b5-1(c) plan adopted on August 1, 2024.
• The reported beneficial ownership includes shares credited for dividend equivalents on stock-based awards that had already vested and been delivered after the dividend record date but before the dividend was paid.

Sentiment

Score: 5

Explanation: A routine 'sell to cover' transaction for tax purposes is neutral in sentiment. It is not a discretionary sale indicating a lack of confidence, nor does it represent new investment.

Future Outlook

NA

Management Comments

• These 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).
• 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

This is a routine insider transaction related to executive compensation and tax obligations, which is common across all industries for publicly traded companies. It does not reflect specific industry trends for the timber or real estate sectors in which PotlatchDeltic operates.

Stakeholder Impact

• Minimal impact on shareholders as this is a small, non-discretionary sale for tax purposes, not indicative of management's view on the company's future performance.

Key Dates

Recommendation

This Form 4 reports a routine 'sell to cover' transaction by an executive to satisfy tax obligations on vested equity awards. It is not a discretionary sale and therefore does not provide new information that would warrant a change in investment recommendation. The transaction is neutral to the company's fundamentals and future prospects, thus maintaining a 'hold' recommendation is appropriate based solely on this filing.

Keywords

PotlatchDeltic Corp, PCH, Form 4, Insider Transaction, Stock Sale, Executive Compensation, Rule 10b5-1, Tax Withholding, Restricted Stock Units, Performance Shares