Torma Anna E. 4

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.