Alonzo Anne L. 4

4 · POTLATCHDELTIC CORP · Filed Feb 2, 2026

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Updated Feb 2, 2026

PotlatchDeltic (PCH) Director Anne Alonzo Converts 12,376 Shares in Merger

What Happened

Anne L. Alonzo, a director of PotlatchDeltic Corp., reported a disposition to the issuer (Form 4 code D) of 12,376.117 PCH shares on 2026-01-30. The Form 4 lists the per-share cash/sale price as N/A because the shares were converted under the merger agreement.
Under the merger terms, each PCH share was converted into 1.8185 Rayonier common shares plus $0.61 in cash (plus any fractional-share consideration). For the 12,376.117 PCH shares surrendered, that equates to approximately 22,505.97 Rayonier shares and about $7,549.43 in cash (these are conversion amounts, not a market value).

Key Details

Transaction date: 2026-01-30; Form 4 filed 2026-02-02.
Transaction type/code: Disposition to issuer (D) — shares converted as part of merger; reported price N/A on the Form 4.
Equivalent consideration: 1.8185 Rayonier shares + $0.61 cash per PCH share (see footnote F1). Calculated totals above are approximate and exclude fractional-share handling.
Footnote F2: Restricted stock units converted into Rayonier RSU awards per the merger, subject to original plan/agreement terms (including any double-trigger vesting acceleration).
Shares owned after transaction: The filing does not state remaining PCH holdings; because PCH merged into Rayonier, former PCH common shares were converted per the merger terms.

Context

This was a merger-related conversion/disposition, not an open-market sale or a personal divestiture. The Form 4 shows the mechanics of the conversion rather than a cash sale price; the ultimate dollar value depends on Rayonier’s share price and any fractional-share cash consideration.

Form 4Exit

Period: 2026-01-30

Director

Transactions

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

1 file