William Lindeke Driscoll - May 6, 2021 Form 4 Insider Report for POTLATCHDELTIC CORP (PCH)

Role
Director
Signature
/s/ Michele Tyler, Attorney-in-Fact
Stock symbol
PCH
Transactions as of
May 6, 2021
Transactions value $
-$1,106,895
Form type
4
Date filed
5/7/2021, 04:19 PM
Next filing
May 21, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PCH Common Stock Sale -$1.11M -18.3K -14.53% $60.38 108K May 6, 2021 Direct F1, F2
transaction PCH Common Stock Award $0 +1.8K +1.67% $0.00 110K May 6, 2021 Direct F3, F4
holding PCH Common Stock 241K May 6, 2021 See footnote 5 F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price shown is a weighted average sales price for shares sold in multiple transactions; the sales prices ranged from $60.22 to $60.585 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.
F2 Includes adjustments for dividends accrued.
F3 Represents award of restricted stock units (RSUs) that may be settled only for shares of common stock on a one-for-one basis. The RSUs will vest on May 6, 2022, subject to continued employment through such date, except in the case of death or disability. Pursuant to the reporting person's election under the PotlatchDeltic Corporation 2019 Long-Term Incentive Plan, vested shares will be issued or converted into common stock units and deferred in accordance with the provisions of the 2019 Plan. The common stock units will be paid on a one-for-one basis in shares of PotlatchDeltic common stock after the reporting person's termination from service with PotlatchDeltic, in accordance with the reporting person's election under the 2019 Plan.
F4 During the vesting and deferral periods, an amount equal to the dividends that would have been paid on the RSUs had they been in the form of common stock will be converted into additional RSUs. The additional RSUs will vest and be paid at the same time as the underlying shares of common stock. Likewise, common stock units that represent quarterly dividends, allocated to the reporting person's account in accordance with the PotlatchDeltic Corporation Deferred Compensation Plan for Directors II since the reporting person's last report, will vest and be paid at the same time as the underlying shares of common stock.
F5 The reporting person has 235,221 shares held in trust, 5,231 held as a manager, 367 shares as a right to substitute and 240,452 of these shares are expressly disclaimed.

Remarks:

William L. Driscoll Director