Alonzo Anne L. 4

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.