Cribb Ashlee Townsend 4
4 · POTLATCHDELTIC CORP · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
PotlatchDeltic (PCH) VP Ashlee Cribb Receives Award, Surrenders Shares
What Happened
- Ashlee Cribb, Vice President, Wood Products at PotlatchDeltic (PCH), received a derivative award of 28,207.474 shares (recorded as $0.00 — a converted RSU award) on 2026-01-29.
- On 2026-01-30 Cribb had two dispositions to the issuer: 44,850.074 PCH shares and 28,207.474 PCH shares (total surrendered = 73,057.548). The filing shows no open-market sale price (N/A) because these actions were part of the company’s merger transaction, not a routine market sale.
Key Details
- Transaction dates: 2026-01-29 (award/conversion); 2026-01-30 (dispositions to issuer).
- Award terms: 28,207.474 shares recorded as acquired at $0.00 (derivative RSU award resulting from merger exchange).
- Dispositions: 44,850.074 and 28,207.474 shares to issuer; no market sale prices provided (N/A) in the filing.
- Shares owned after transaction: not specified in the provided Form 4 information.
- Filing date: Form 4 filed 2026-02-02 (reports transactions from Jan 29–30, 2026).
Context
- These transactions stem from the Merger Agreement (Oct 13, 2025) under which PotlatchDeltic merged into a Rayonier subsidiary. Per the agreement, each PCH share converted into 1.8185 Rayonier common shares plus $0.61 in cash; outstanding RSUs and performance awards converted into Rayonier restricted stock unit (RSU) awards under specified conversion rules and rounding.
- The received 28,207.474 “acquired” shares are derivative Rayonier RSU awards created by the merger conversion (see footnotes F1–F3). The dispositions to the issuer reflect settlement/conversion activity tied to the merger (including potential cash-out of fractional shares), not an open-market sale—so they do not directly signal typical insider buying/selling sentiment.
Insider Transaction Report
Form 4Exit
Cribb Ashlee Townsend
Vice President, Wood Products
Transactions
- Disposition to Issuer
Common Stock
[F1][F2]2026-01-30−44,850.074→ 0 total - Award
Performance Share Award
[F3]2026-01-29+28,207.474→ 28,207.474 total→ Common Stock (28,207.474 underlying) - Disposition to Issuer
Performance Share Award
[F3]2026-01-30−28,207.474→ 0 total→ Common Stock (28,207.474 underlying)
Footnotes (3)
- [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).
- [F3]At the Effective Time, each performance share award converted into a Rayonier RSU award based on the shares of Common Stock underlying the performance share award determined by deeming any applicable performance-based criteria achieved based on the greater of the Issuer's target performance or actual performance, as calculated on the latest practicable date prior to the Effective Time, taking into account any dividend equivalents, multiplied by the equity award exchange ratio, 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 performance share award agreement in effect immediately prior to the Effective Time (including any double-trigger vesting acceleration entitlements and excluding any vesting terms related to the satisfaction of performance criteria).
Signature
/s/ Michele L. Tyler, Attorney-in-Fact|2026-02-02