| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PCH | Common Stock | Sale | -$161K | -3.36K | -4.6% | $47.83 | 69.8K | Feb 15, 2023 | Direct | F1, F2, F3 |
| transaction | PCH | Common Stock | Sale | -$94.2K | -1.95K | -2.8% | $48.25 | 67.8K | Feb 15, 2023 | Direct | F4, F5 |
| holding | PCH | Common Stock | 5.83K | Feb 15, 2023 | 401K Plan | F6 |
| 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 a weighted average sale price for shares sold in multiple transactions; the sale prices ranged from $47.48 to $48.07 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. |
| F3 | Includes adjustments for dividends accrued. |
| F4 | 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. |
| F5 | The price shown is a weighted average sale price for shares sold in multiple transactions; the sale prices ranged from $48.07 to $48.36 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. |
Jerald W. Richards Vice President and Chief Financial Officer