DeCosmo James M 4
4 · POTLATCHDELTIC CORP · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
POTLATCHDELTIC (PCH) Director James DeCosmo Disposes 14,695 Shares
What Happened
- James M. DeCosmo, a director of PotlatchDeltic Corp (PCH), had 14,694.916 PCH shares disposed on 2026-01-30 as part of the company’s merger into Rayonier. The Form 4 records the disposition to the issuer (transaction code D); no per-share price is shown because the shares were converted under the merger terms.
- Under the merger agreement each PCH share converted into 1.8185 Rayonier common shares plus $0.61 in cash. That implies DeCosmo received roughly 26,723 Rayonier shares and approximately $8,964 in cash (before any fractional-share cash adjustments or rounding rules).
Key Details
- Transaction date: 2026-01-30 (Effective Time of the merger)
- Filing date / Accession: Form 4 filed 2026-02-02 (filed within the normal Form 4 timing requirement)
- Transaction code: D (Disposition to issuer); price listed as N/A (conversion in merger)
- Shares disposed: 14,694.916 PCH shares
- Shares owned after transaction: Not reported on this Form 4
- Notable footnotes:
- F1: Merger agreement: each PCH share converted into 1.8185 Rayonier shares + $0.61 cash (plus fractional-share treatment).
- F2: Outstanding restricted stock units were converted into Rayonier restricted stock unit awards per the exchange ratio and plan terms (rounded to whole shares as applicable).
Context
- This was not an open-market sale but a merger conversion—a routine corporate transaction that converts old-company shares into new-company shares and cash per the deal terms. Such dispositions in a merger do not by themselves signal insider sentiment about the combined company.
- For holders of RSUs, the filing notes RSUs were converted into Rayonier RSUs (subject to original plan/vesting terms), so some equity awards will continue under Rayonier rather than being cashed out.
Insider Transaction Report
Form 4Exit
DeCosmo James M
Director
Transactions
- Disposition to Issuer
Common Stock
[F1][F2]2026-01-30−14,694.916→ 0 total
Footnotes (2)
- [F1]In connection with the terms of an Agreement and Plan of Merger, dated October 13, 2025 (as it may be amended from time to time, the "Merger Agreement"), by and among the Issuer, Rayonier Inc. ("Rayonier"), and Redwood Merger Sub, LLC, a direct, wholly owned subsidiary of Rayonier ("Merger Sub"), the Issuer merged with and into Merger Sub, with Merger Sub surviving as a direct, wholly owned subsidiary of Rayonier (the "Effective Time"). At the Effective Time, each outstanding share of Common Stock was automatically converted into the right to receive (i) 1.8185 Rayonier common shares and (ii) $0.61 in cash, without interest, plus any fractional share consideration.
- [F2]At the Effective Time, each outstanding restricted stock unit converted into a Rayonier restricted stock unit award (each, a "Rayonier RSU award"), taking into account any dividend equivalents, based on the equity award exchange ratio, as defined in the Merger Agreement, rounded to the nearest whole number of shares. Each such Rayonier RSU award will be subject to the terms of any applicable Issuer equity plan and Issuer restricted stock unit agreement in effect immediately prior to the Effective Time (including any double-trigger vesting acceleration entitlements).
Signature
/s/ Michele L. Tyler, Attorney-in-Fact|2026-02-02