Schwartz Robert L. 4

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.