Schwartz Robert L. 4
4 · POTLATCHDELTIC CORP · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
POTLATCHDELTIC VP Robert L. Schwartz Receives RSUs, Shares Converted
What Happened
- Robert L. Schwartz, Vice President, Human Resources at PotlatchDeltic (PCH), shows a Jan 29, 2026 award of 20,722.404 derivative shares (RSU conversion) and two Jan 30, 2026 dispositions to the issuer: 55,817.079 common shares and 20,722.404 derivative shares. The award was recorded at $0.00 (typical for RSU conversions); the subsequent dispositions are reported as “to the issuer” (not open-market sales), reflecting settlement under the company’s merger agreement with Rayonier.
Key Details
- Transaction dates and prices:
- 2026-01-29: Grant/award (A) of 20,722.404 shares @ $0.00 (derivative RSU conversion).
- 2026-01-30: Disposition to issuer (D) of 55,817.079 common shares (N/A price on Form 4).
- 2026-01-30: Disposition to issuer (D) of 20,722.404 derivative shares (N/A price).
- Shares owned after transaction: not specified on this Form 4.
- Footnote highlights:
- F1: PotlatchDeltic merged into a Rayonier subsidiary; each PotlatchDeltic share converted into 1.8185 Rayonier shares plus $0.61 cash (per Merger Agreement).
- F2–F3: Restricted stock units and performance awards were converted into Rayonier restricted stock unit awards per the agreement (with rounding and plan terms applied).
- Filing timeliness: Report filed 2026-02-02 for transactions dated Jan 29–30, 2026. Filing appears timely (filed promptly after the merger effective date).
Context
- These are merger-related conversions/settlements, not routine open-market buying or selling by the insider. The grant on Jan 29 reflects the conversion of existing PotlatchDeltic RSUs into Rayonier RSU awards; the Jan 30 dispositions reflect surrender/settlement steps under the Merger Agreement (share-for-share and cash consideration). Such filings document how equity awards and shares were treated in the corporate transaction rather than signaling a trading decision by the insider.
Insider Transaction Report
Form 4Exit
Schwartz Robert L.
VP, Human Resources
Transactions
- Disposition to Issuer
Common Stock
[F1][F2]2026-01-30−55,817.079→ 0 total - Award
Performance Share Award
[F3]2026-01-29+20,722.404→ 20,722.404 total→ Common Stock (20,722.404 underlying) - Disposition to Issuer
Performance Share Award
[F3]2026-01-30−20,722.404→ 0 total→ Common Stock (20,722.404 underlying)
Footnotes (3)
- [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).
- [F3]At the Effective Time, each performance share award converted into a Rayonier RSU award based on the shares of Common Stock underlying the performance share award determined by deeming any applicable performance-based criteria achieved based on the greater of the Issuer's target performance or actual performance, as calculated on the latest practicable date prior to the Effective Time, taking into account any dividend equivalents, multiplied by the equity award exchange ratio, 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 performance share award agreement in effect immediately prior to the Effective Time (including any double-trigger vesting acceleration entitlements and excluding any vesting terms related to the satisfaction of performance criteria).
Signature
/s/ Michele L. Tyler, Attorney-in-Fact|2026-02-02