Tax-withholding share sale by PotlatchDeltic (NASDAQ: PCH) HR VP disclosed
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PotlatchDeltic Corp VP of Human Resources Robert L. Schwartz reported a small, tax-related share sale. On 01/05/2026, he sold 44 shares of PotlatchDeltic common stock at a price of $39.59 per share. According to the disclosure, the sale was executed under written instructions adopted on August 5, 2024 intended to satisfy Rule 10b5-1(c) affirmative defense conditions, and was a "sell to cover" solely to satisfy tax withholding obligations from the settlement of previously granted stock-based awards. After this transaction, Schwartz beneficially owned 52,060.419 shares of common stock, including shares credited as dividend equivalents on vested stock-based awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 44 shares ($1,742)
Net Sell
1 txn
Insider
Schwartz Robert L.
Role
VP, Human Resources
Sold
44 shs ($2K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 44 | $39.59 | $2K |
Holdings After Transaction:
Common Stock — 52,060.419 shares (Direct)
Footnotes (1)
- These sales were effected pursuant to written instructions adopted by the reporting person on August 5, 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 Robert L. Schwartz?
The VP of Human Resources, Robert L. Schwartz, reported selling 44 shares of PotlatchDeltic common stock on 01/05/2026 at $39.59 per share.
Was the PotlatchDeltic (PCH) insider sale under a Rule 10b5-1 plan?
Yes. The sale was made under written instructions adopted on August 5, 2024, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Does the PotlatchDeltic (PCH) filing indicate this was a discretionary trade by the insider?
No. The filing states the sales do not represent discretionary trades, as they were executed pursuant to pre-established written instructions for tax withholding.
Do Schwartz’s PotlatchDeltic (PCH) holdings include dividend equivalents?
Yes. His holdings include shares credited for dividend equivalents on stock-based awards that had vested and been delivered after the dividend record date but before payment.