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POTLATCHDELTIC CORP·4

Feb 2, 4:15 PM ET

Ball Darin Robert 4

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POTLATCHDELTIC (PCH) VP Darin Ball Receives then Relinquishes RSUs

What Happened
Darin Robert Ball, Vice President — Timberlands at PotlatchDeltic (PCH), reported a set of merger-related transactions. On Jan 29, 2026 he was credited with a derivative award of 22,434.248 shares (Rayonier-referenced restricted stock unit conversion reported as an acquisition at $0.00). On Jan 30, 2026 the filing shows dispositions to the issuer of 53,119.905 common shares and 22,434.248 derivative shares — together totaling 75,554.153 PCH shares/award units surrendered in connection with the merger. The filing was submitted Feb 2, 2026.

Key Details

  • Transaction dates: Jan 29, 2026 (grant/conversion of 22,434.248 RSU-equivalent units); Jan 30, 2026 (dispositions of 53,119.905 shares and 22,434.248 derivative units). Filing date: Feb 2, 2026.
  • Reported prices: Acquired derivative units at $0.00 (routine conversion); dispositions listed as N/A (surrendered to issuer in merger).
  • Merger consideration (per filing footnote): each PCH share converted into 1.8185 Rayonier common shares plus $0.61 cash (no interest), with fractional-share treatment per the merger terms. Using that formula, Ball’s 75,554.153 PCH shares converted into roughly 137,395 Rayonier shares and about $46k cash (approximate).
  • Shares owned after transaction: not stated in the Form 4 excerpt provided.
  • Footnotes: conversions and disposals occurred under the Agreement and Plan of Merger (Oct 13, 2025) and reflect conversion of restricted stock units and performance awards into Rayonier RSU awards (see F2/F3 for treatment, including rounding and double-trigger provisions where applicable).
  • Timing/filing: Form 4 filed Feb 2, 2026; no late-filing flag noted in the data provided.

Context
These entries reflect merger mechanics (equity conversion and surrender) rather than an open-market sale or a purchase decision by the insider. The "acquisition" line is the conversion of PotlatchDeltic RSUs/performance awards into Rayonier RSU awards, and the subsequent "dispositions to issuer" reflect surrender/exchange under the merger terms — not a typical sell for cash on the market.