PotlatchDeltic (NYSE: PCH) CFO logs small Rule 10b5-1 stock sale
Rhea-AI Filing Summary
PotlatchDeltic Corporation Vice President and Chief Financial Officer Wayne Wasechek reported a small automatic sale of company common stock. On January 5, 2026, he sold 22 shares of PotlatchDeltic common stock at $39.59 per share and held 29,048.848 shares afterward, all reported as directly owned.
According to the disclosure, the sale was made under written instructions adopted on August 1, 2024 intended to satisfy Rule 10b5-1(c). The transaction was a “sell to cover” solely to pay tax withholding due on previously granted restricted stock unit and performance share awards, and is described as not being a discretionary trade. The reported share balance includes shares credited as dividend equivalents on stock-based awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 22 | $39.59 | $870.98 |
Footnotes (1)
- These sales were effected pursuant to written instructions adopted by the reporting person on August 1, 2024, which are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). Pursuant to the written instructions, the reporting person made a "sell to cover" election for the sole purpose of satisfying the tax withholding obligations arising upon the settlement of previously granted restricted stock unit awards and performance share awards. These sales do not represent discretionary trades by the reporting person. Includes shares credited for dividend equivalents on stock-based awards held as of the dividend record date. These awards had already vested and been delivered after the dividend record date but before the dividend was paid.
FAQ
What insider transaction did PotlatchDeltic (PCH) report for its CFO?
PotlatchDeltic reported that Vice President and Chief Financial Officer Wayne Wasechek sold 22 shares of common stock on January 5, 2026 at $39.59 per share, leaving him with 29,048.848 shares directly owned.
Was the PotlatchDeltic CFO’s Form 4 sale a discretionary trade?
No. The filing states the sale was made under written instructions adopted on August 1, 2024 intended to satisfy Rule 10b5-1(c), as a “sell to cover” for tax withholding on equity awards, and that these sales do not represent discretionary trades by the reporting person.
What is Rule 10b5-1’s relevance to this PotlatchDeltic Form 4 filing?
The filing notes that the written instructions for the sale were intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), indicating the transaction followed a pre-established trading plan.
Do the PotlatchDeltic CFO’s reported holdings include dividend equivalents?
Yes. A footnote explains that the reported holdings include shares credited for dividend equivalents on stock-based awards that had vested and been delivered after the dividend record date but before the dividend was paid.