| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PCH | Common Stock | Sale | -$63.7K | -1.41K | -3.23% | $45.27 | 42.2K | Feb 12, 2024 | Direct | F1, F2 |
| transaction | PCH | Common Stock | Sale | -$34.1K | -757 | -1.79% | $45.07 | 41.5K | Feb 12, 2024 | Direct | F3, F4 |
| transaction | PCH | Common Stock | Sale | -$16.3K | -362 | -0.87% | $44.95 | 41.1K | Feb 12, 2024 | Direct | F5, F6 |
| transaction | PCH | Common Stock | Sale | -$12.2K | -271 | -0.66% | $44.87 | 40.8K | Feb 12, 2024 | Direct | F7, F8 |
| holding | PCH | Common Stock | 5.31K | Feb 12, 2024 | 401K Plan | F9 |
| 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 adopted on February 23, 2021, 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 a weighted average sales price for shares sold in multiple transactions; the sales prices ranged from $45.10 to $45.46 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 | Represents shares sold by the reporting person to satisfy anticipated additional tax obligations in connection with the vesting of the Performance Shares described in this Form 4 report. The sale proceeds will be remitted to the Internal Revenue Service. |
| F4 | The price shown is a weighted average sales price for shares sold in multiple transactions; the sales prices ranged from $45.03 to $45.10 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. |
| F5 | Represents shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of the February 11, 2021 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 adopted on February 23, 2021, 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. |
| F6 | The price shown is a weighted average sales price for shares sold in multiple transactions; the sales prices ranged from $44.88 to $45.03 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. |
| F7 | Represents shares sold by the reporting person to satisfy anticipated additional tax obligations in connection with the vesting of the restricted stock units described in this Form 4 report. The sale proceeds will be remitted to the Internal Revenue Service. |
| F8 | The price shown is a weighted average sales price for shares sold in multiple transactions; the sales prices ranged from $44.86 to $44.88 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. |
| F9 | Represents shares in the Issuer's common stock fund in the Issuer's 401(k) plan, including shares acquired from dividend reinvestment, as shown in the Reporting Person's most recent plan statement. |
Darin R. Ball, Vice President, Timberlands