Michael J. Covey - 14 Feb 2022 Form 4 Insider Report for POTLATCHDELTIC CORP (PCH)

Role
Director
Signature
/s/ Michele L. Tyler, Attorney-in-Fact
Issuer symbol
PCH
Transactions as of
14 Feb 2022
Transactions value $
-$1,948,913
Form type
4
Filing time
16 Feb 2022, 15:11:37
Previous filing
11 Feb 2022
Next filing
03 Mar 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PCH Common Stock Sale -$1.6M -29.8K -13.05% $53.81 199K 14 Feb 2022 Direct F1, F2, F3
transaction PCH Common Stock Sale -$326K -6.05K -3.04% $53.89 193K 14 Feb 2022 Direct F4, F5
transaction PCH Common Stock Sale -$18.3K -335 -0.17% $54.68 192K 15 Feb 2022 Direct F4
holding PCH Common Stock 245 14 Feb 2022 401K F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of Performance Shares previously reported in Table I. This sale, which was effected pursuant to a 10b5-1 trading plan of the reporting person, was mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.
F2 The price shown is the weighted average sale price for shares sold in multiple transactions; the sale prices ranged from $53.22 to $54.12 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.
F3 Includes adjustments for dividends accrued.
F4 Represents shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of the February 14, 2019 grant of restricted stock units previously reported in Table I. This sale, which was effected pursuant to a 10b5-1 trading plan of the reporting person, was mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.
F5 The price shown is a weighted average sale price for shares sold in multiple transactions; the sale prices ranged from $53.61 to $54.12 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.
F6 Reflects periodic contributions to the issuer's common stock fund in the issuer's 401(k) plan.

Remarks:

Michael J. Covey Executive Chairperson of the Board