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.
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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.
Why did the PotlatchDeltic CFO sell 22 shares of common stock?
The transaction was a “sell to cover” done solely to satisfy tax withholding obligations arising from the settlement of previously granted restricted stock unit and performance share awards.
How many PotlatchDeltic shares does the CFO hold after the reported transaction?
After the January 5, 2026 sale, the Form 4 shows the CFO beneficially owned 29,048.848 shares of PotlatchDeltic common stock directly.
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.