Form 4: PotlatchDeltic VP Timberlands Reports Stock Transactions

PotlatchDeltic's VP of Timberlands, Darin R. Ball, reported the acquisition of shares from a performance award and subsequent sale to cover tax obligations.

Summary

• Darin R. Ball, Vice President, Timberlands of PotlatchDeltic Corp (PCH), reported changes in his beneficial ownership of common stock.
• On December 19, 2025, Mr. Ball acquired 6,380 shares of common stock at a price of $0, representing the settlement of a 2023-2025 performance share award.
• On December 22, 2025, Mr. Ball disposed of 4,127 shares of common stock at a weighted average sales price of $39.3 per share.
• The sales were executed pursuant to a Rule 10b5-1 plan adopted on August 5, 2024, solely to satisfy tax withholding obligations arising from the settlement of restricted stock unit and performance share awards.
• Following these transactions, Mr. Ball's direct beneficial ownership stands at 49,053.537 shares of common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral. The transactions are routine, involving the settlement of a performance award and a non-discretionary sale to cover tax obligations, which is a common practice for executive compensation.

Positives

• The reporting person acquired 6,380 shares of common stock as a settlement of a performance share award, indicating successful achievement of performance metrics over the 2023-2025 period.

Negatives

• The reporting person disposed of 4,127 shares of common stock, reducing their overall beneficial ownership.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or 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 filing reflects a routine insider transaction common in executive compensation structures, where performance-based awards are settled, and a portion is sold to cover tax liabilities. Such transactions are a standard part of executive compensation plans across various industries.

Stakeholder Impact

• Shareholders: The transactions represent a minor, routine change in insider ownership and are unlikely to have a significant direct impact on the broader shareholder base.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Keywords

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