Torma Anna E. 4
4 · POTLATCHDELTIC CORP · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
POTLATCHDELTIC VP Anna Torma Sells Shares, Receives RSU Award
What Happened
- Anna E. Torma, VP, Public Affairs / CSO of PotlatchDeltic Corp (PCH), reported disposals and a converted award tied to the company’s merger. On Jan 30, 2026 she disposed of 31,014.796 shares of PotlatchDeltic common stock (reported as a disposition to the issuer). On Jan 29, 2026 she was recorded as receiving a derivative award of 16,935.842 shares (Rayonier RSU award, reported at $0.00), and that same 16,935.842 derivative award was reported disposed to the issuer on Jan 30, 2026.
- Because these actions occurred in connection with the merger closing, each outstanding PotlatchDeltic common share was converted into the right to receive 1.8185 Rayonier common shares plus $0.61 in cash. The cash component for the 31,014.796 common shares equals roughly $18,919 (31,014.796 × $0.61). The RSU items converted into Rayonier RSU awards per the merger terms rather than being paid out in cash.
Key Details
- Transaction dates: Jan 29–30, 2026. Form 4 filed Feb 2, 2026 (appears timely).
- Reported items:
- Disposition (D) of 31,014.796 common shares (to issuer) — price: N/A (conversion under merger).
- Award/Acquisition (A) of 16,935.842 derivative RSU award @ $0.00 (converted award).
- Disposition (D) of 16,935.842 derivative RSU award (to issuer).
- Shares owned after transaction: not specified in this Form 4 filing.
- Notable footnotes: F1–F3 describe the merger with Rayonier and how common shares, restricted stock units (RSUs), and performance awards were converted into Rayonier consideration or Rayonier RSU awards (including rounding and treatment of dividend equivalents and double-trigger vesting where applicable).
Context
- These transactions are merger-related conversions/cancellations rather than open-market buying or selling driven by an insider’s trading decision. The common shares converted into Rayonier stock plus a $0.61-per-share cash payment; restricted/performance awards converted into Rayonier RSU awards under the merger terms.
- Such merger-driven filings reflect corporate transaction mechanics and do not necessarily signal the insider’s sentiment about the stock.
Insider Transaction Report
Form 4Exit
Torma Anna E.
VP, Public Affairs / CSO
Transactions
- Disposition to Issuer
Common Stock
[F1][F2]2026-01-30−31,014.796→ 0 total - Award
Performance Share Award
[F3]2026-01-29+16,935.842→ 16,935.842 total→ Common Stock (16,935.842 underlying) - Disposition to Issuer
Performance Share Award
[F3]2026-01-30−16,935.842→ 0 total→ Common Stock (16,935.842 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