| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PCH | Common Stock | Sale | -$635K | -14.2K | -4.8% | $44.76 | 281K | Feb 10, 2025 | Direct | F1, F2 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | 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. |
| F2 | The price shown is a weighted average sales price for shares sold in multiple transactions; the sales prices ranged from $44.46 to $45.07 per share. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. |
Eric J. Cremers, President and Chief Executive Officer