<SEC-DOCUMENT>0000950170-24-057398.txt : 20240509
<SEC-HEADER>0000950170-24-057398.hdr.sgml : 20240509
<ACCEPTANCE-DATETIME>20240509214143
ACCESSION NUMBER:		0000950170-24-057398
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20240509
FILED AS OF DATE:		20240509
DATE AS OF CHANGE:		20240509

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			COVEY MICHAEL J
		CENTRAL INDEX KEY:			0001202540
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32729
		FILM NUMBER:		24932645

	MAIL ADDRESS:	
		STREET 1:		C/O POTLATCH CORPORATION
		STREET 2:		601 W FIRST AVENUE, SUITE 1600
		CITY:			SPOKANE
		STATE:			WA
		ZIP:			99201

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			POTLATCHDELTIC CORP
		CENTRAL INDEX KEY:			0001338749
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		IRS NUMBER:				820156045
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		601 WEST FIRST AVENUE
		STREET 2:		SUITE 1600
		CITY:			SPOKANE
		STATE:			WA
		ZIP:			99201
		BUSINESS PHONE:		(509) 835-1500

	MAIL ADDRESS:	
		STREET 1:		601 WEST FIRST AVENUE
		STREET 2:		SUITE 1600
		CITY:			SPOKANE
		STATE:			WA
		ZIP:			99201

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	POTLATCH CORP
		DATE OF NAME CHANGE:	20060206

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Potlatch Holdings, Inc.
		DATE OF NAME CHANGE:	20050914
</SEC-HEADER>
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<TYPE>4
<SEQUENCE>1
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<ownershipDocument>

    <schemaVersion>X0508</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2024-05-09</periodOfReport>

    <issuer>
        <issuerCik>0001338749</issuerCik>
        <issuerName>POTLATCHDELTIC CORP</issuerName>
        <issuerTradingSymbol>PCH</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001202540</rptOwnerCik>
            <rptOwnerName>COVEY MICHAEL J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>601 W. FIRST AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 1600</rptOwnerStreet2>
            <rptOwnerCity>SPOKANE</rptOwnerCity>
            <rptOwnerState>WA</rptOwnerState>
            <rptOwnerZipCode>99201</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isOfficer>false</isOfficer>
            <isTenPercentOwner>false</isTenPercentOwner>
            <isOther>false</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>false</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2024-05-09</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>false</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>3026.071</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>123066.537</value>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Represents award of restricted stock units (&quot;RSUs&quot;) that may be settled only for shares of common stock on a one-for-one basis. The RSUs will vest on May 9, 2025, subject to continued service through such date, except in the case of death or disability.  Pursuant to the reporting person's election under the PotlatchDeltic Corporation Amended and Restated 2019 Long-Term Incentive Plan (the &quot;Plan&quot;), vested shares will be issued or converted into common stock units and deferred in accordance with the provisions of the Plan.  The common stock units will be paid on a one-for-one basis in shares of PotlatchDeltic common stock in accordance with the reporting person's deferral election under the Plan.</footnote>
        <footnote id="F2">During the vesting and deferral periods, an amount equal to the dividends that would have been paid on the RSUs had they been in the form of common stock will be converted into additional RSUs.  The additional RSUs will vest and be paid at the same time as the underlying shares of common stock.</footnote>
        <footnote id="F3">Includes common stock units that represent quarterly dividends allocated to the reporting person's account since the reporting person's last report.</footnote>
        <footnote id="F4">Includees 262 shares of Common Stock that were transferred from the reporting person's account in the issuer's 401(k) Plan.</footnote>
    </footnotes>

    <remarks>Exhibit 24 - Power of Attorney</remarks>

    <ownerSignature>
        <signatureName>/s/ Michele L. Tyler</signatureName>
        <signatureDate>2024-05-09</signatureDate>
    </ownerSignature>
</ownershipDocument>
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<DOCUMENT>
<TYPE>EX-24
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<FILENAME>pch-ex24.htm
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  <p style="font-size:10pt;margin-top:3.95pt;font-family:Times New Roman;margin-bottom:0;margin-right:0.083%;text-align:right;"><font style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:11.5pt;font-family:Arial;min-width:fit-content;">Exhibit 24</font></p>
  <p style="font-size:10pt;margin-top:3.95pt;font-family:Times New Roman;margin-bottom:0;margin-right:0.083%;text-align:center;"><font style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:11.5pt;font-family:Arial;min-width:fit-content;">Power of Attorney</font></p>
  <p style="font-size:10pt;margin-top:1.35pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-size:11.5pt;font-family:Arial;min-width:fit-content;">&#160;</font></p>
  <p style="margin-left:1.107%;text-indent:6.477%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;margin-right:0.083%;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:11.5pt;font-family:Arial;min-width:fit-content;">Know all by these presents that the undersigned hereby constitutes and appoints each of Eric J. Cremers, Wayne Wasechek and Michele L. Tyler, signing singly, the undersigned's true and lawful attorney-in-fact to:</font></p>
  <p style="font-size:10pt;margin-top:0.15pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-size:11.5pt;font-family:Arial;min-width:fit-content;">&#160;</font></p>
  <div style="margin-left:7.602%;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;margin-right:2.537%;min-width:6.667%;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:11.5pt;font-family:Arial;min-width:7.2155241455442765%;display:inline-flex;justify-content:flex-start;">(1)</font><div style="width:100%;display:inline;"><font style="color:#000000;white-space:pre-wrap;font-size:11.5pt;font-family:Arial;min-width:fit-content;">execute for and on behalf of the undersigned, in the undersigned's capacity as an officer and/or director of PotlatchDeltic Corporation, a Delaware corporation (the &#34;Company&#34;), Forms 3, 4, and 5 in accordance with Section 16(a) of the Securities Exchange Act of 1934 (&#34;Section 16&#34;) and the rules thereunder, Form 144 under Rule 144 of the Securities Act of 1933 (&#34;Rule 144&#34;), and Form ID, Uniform Application For Access Codes to File on Edgar;</font></div></div>
  <div style="margin-left:7.602%;display:flex;margin-top:12.4pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;margin-right:2%;min-width:6.667%;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:11.5pt;font-family:Arial;min-width:7.2155241455442765%;display:inline-flex;justify-content:flex-start;">(2)</font><div style="width:100%;display:inline;"><font style="color:#000000;white-space:pre-wrap;font-size:11.5pt;font-family:Arial;min-width:fit-content;">do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4, 5, 144, or Form ID, complete and execute any amendment or amendments thereto, and timely file such form with the United States Securities and Exchange Commission and any stock exchange or similar authority; and</font></div></div>
  <div style="margin-left:7.602%;display:flex;margin-top:12.45pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;margin-right:5.204%;min-width:6.667%;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:11.5pt;font-family:Arial;min-width:7.2155241455442765%;display:inline-flex;justify-content:flex-start;">(3)</font><div style="width:100%;display:inline;"><font style="color:#000000;white-space:pre-wrap;font-size:11.5pt;font-family:Arial;min-width:fit-content;">take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion.</font></div></div>
  <p style="margin-left:1.04%;text-indent:5.719%;font-size:10pt;margin-top:12.8pt;font-family:Times New Roman;margin-bottom:0;margin-right:1.046%;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:11.5pt;font-family:Arial;min-width:fit-content;">    The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned's responsibilities to comply with Section 16 or Rule 144.</font></p>
  <p style="font-size:10pt;margin-top:0.15pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-size:11.5pt;font-family:Arial;min-width:fit-content;">&#160;</font></p>
  <p style="margin-left:1%;text-indent:6.653%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:11.5pt;font-family:Arial;min-width:fit-content;">This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to make filings under Section 16 or Rule 144 with respect to the undersigned's holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.</font></p>
  <p style="font-size:10pt;margin-top:2.8pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-size:11.5pt;font-family:Arial;min-width:fit-content;">&#160;</font></p>
  <p style="text-indent:6.667%;font-size:10pt;margin-top:2.8pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:11.5pt;font-family:Arial;min-width:fit-content;">    IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 20</font><font style="color:#000000;white-space:pre-wrap;vertical-align:super;font-size:7.705pt;font-family:Arial;min-width:fit-content;">th</font><font style="color:#000000;white-space:pre-wrap;font-size:11.5pt;font-family:Arial;min-width:fit-content;"> day of January, 2024.</font></p>
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  <p style="margin-left:1.013%;text-indent:7.141%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;margin-right:7.12%;text-align:left;"><font style="white-space:pre-wrap;font-size:11.5pt;font-family:Arial;min-width:fit-content;">&#160;</font></p>
  <p style="margin-left:1.013%;text-indent:7.141%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;margin-right:7.12%;text-align:left;"><font style="white-space:pre-wrap;font-size:11.5pt;font-family:Arial;min-width:fit-content;">&#160;</font></p>
  <p style="margin-left:1%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;text-decoration:underline;font-size:11.5pt;font-family:Arial;min-width:fit-content;">/s/ Michael J. Covey</font></p>
  <p style="margin-left:1%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:11.5pt;font-family:Arial;min-width:fit-content;">Michael J. Covey</font></p>
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