Cribb Ashlee Townsend 4

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.