Michael J. Covey - Sep 15, 2021 Form 4 Insider Report for POTLATCHDELTIC CORP (PCH)

Role
Director
Signature
/s/ Michele Tyler, Attorney-in-Fact
Stock symbol
PCH
Transactions as of
Sep 15, 2021
Transactions value $
-$3,320,954
Form type
4
Date filed
9/16/2021, 05:27 PM
Next filing
Dec 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PCH Common Stock Options Exercise +32.9K +18.59% 210K Sep 15, 2021 Direct F1, F2
transaction PCH Common Stock Disposed to Issuer -$1.7M -32.9K -15.68% $51.77 177K Sep 15, 2021 Direct
transaction PCH Common Stock Tax liability -$1.62M -31.2K -17.65% $51.77 146K Sep 15, 2021 Direct F3
holding PCH Common Stock 226 Sep 15, 2021 401K F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PCH Phantom Stock Options Exercise -32.9K -100% 0 Sep 15, 2021 Common Stock 32.9K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of phantom stock is the economic equivalent of one share of PotlatchDeltic common stock. On September 15, 2021, these deferred phantom stock units were settled for cash.
F2 Includes adjustments for dividends accrued.
F3 Shares withheld for payment of taxes on distribution of deferred common stock units.
F4 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