WASECHEK WAYNE 4

What Happened

• Wayne Wasechek, CFO of PotlatchDeltic Corp., reported dispositions tied to the company’s merger into Rayonier. The filing shows a total of 64,418.676 shares reported as disposed: 34,621.439 shares (common stock) and 29,797.237 shares reported as a derivative award (acquired 1/29 at $0.00 and disposed 1/30).
• The transactions were reported on a Form 4 filed 2026-02-02. Prices are listed as N/A for the dispositions (these were merger-related conversions/settlements rather than open-market cash sales).

Key Details

• Transaction dates: 2026-01-29 (grant/acquisition of 29,797.237 derivative shares at $0.00) and 2026-01-30 (dispositions of 34,621.439 common shares and 29,797.237 derivative shares to the issuer).
• Shares disposed (total): 64,418.676 shares (34,621.439 + 29,797.237).
• Price / value: Dispositions show N/A (merger consideration rather than standard market sale); the derivative grant shows $0.00 (typical for RSU conversions).
• Shares owned after transaction: not disclosed in the information provided.
• Filing timing: Form 4 filed 2026-02-02. Transactions dated 1/30 appear to be within the usual two-business-day reporting window; the 1/29 grant may have been reported after the two-business-day window (see context below).

Context

• These entries are merger-related, not ordinary open-market sales. Footnotes state that at the merger Effective Time each PotlatchDeltic common share converted into the right to receive 1.8185 Rayonier common shares plus $0.61 in cash (F1). Outstanding restricted stock units and performance awards similarly converted into Rayonier restricted stock unit awards under the merger terms (F2, F3).
• The reported derivative acquisition (29,797.237 at $0.00) reflects conversion of PotlatchDeltic RSUs into Rayonier RSUs; the subsequent disposition to the issuer is reported as a surrender/disposition to the issuer per the Form 4 (as reported, no further detail on reason—e.g., cash settlement or tax withholding—was provided).
• Because these were merger conversions and related dispositions, they do not indicate a standard insider buy/sell decision in the open market.