Fiscal year 2024 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.
Each company listed discloses PCH in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named PCH in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Eric Cremers | $925,385 | $0 | $3,202,475 | $0 | $1,124,300 | $955,478 | $96,407 | $6,304,045 |
| President & Chief Executive Officer | ||||||||
| Michele Tyler | 416,177 | 0 | 1,070,799 | 0 | 202,700 | 0 | 30,906 | 1,720,582 |
| Vice President General Counsel & | ||||||||
| William DeReu | 340,100 | 0 | 837,089 | 0 | 248,900 | 195,885 | 27,345 | 1,649,319 |
| Vice President, Real Estate | ||||||||
| Wayne Wasechek | 439,269 | 0 | 544,429 | 0 | 280,100 | 0 | 34,439 | 1,298,237 |
| Vice President & Chief Financial Officer | ||||||||
| Ashlee Cribb | 471,523 | 0 | 579,163 | 0 | 96,400 | 0 | 27,018 | 1,174,104 |
| Vice President, Wood Products | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
| Named executive officer | FY2024 total | FY2023 total | FY2022 total | Δ FY2023→2024 |
|---|---|---|---|---|
| Eric Cremers | $6,304,045 | $6,508,953 | $5,532,534 | −204,908 |
| Michele Tyler | 1,720,582 | 1,217,446 | 1,363,716 | +503,136 |
| William DeReu | 1,649,319 | — | — | — |
| Wayne Wasechek | 1,298,237 | 1,038,001 | 0 | +260,236 |
| Ashlee Cribb | 1,174,104 | 1,171,373 | 1,586,924 | +2,731 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Michele Tyler | RSU | 2024-02-08 | — | — | 8,632 | — | $385,591 |
| Wayne Wasechek | PSA | 2024-02-08 | 1,646 | 6,583 | — | 13,166 | 348,372 |
| Michele Tyler | PSA | 2024-02-08 | 3,237 | 12,948 | — | 25,896 | 685,208 |
| Ashlee Cribb | PSA | 2024-02-08 | 1,751 | 7,003 | — | 14,006 | 370,599 |
| Wayne Wasechek | RSU | 2024-02-08 | — | — | 4,389 | — | 196,057 |
| Ashlee Cribb | RSU | 2024-02-08 | — | — | 4,669 | — | 208,564 |
| William DeReu | RSU | 2024-02-08 | — | — | 6,748 | — | 301,433 |
| Eric Cremers | RSU | 2024-02-08 | — | — | 25,816 | — | 1,153,201 |
| Eric Cremers | PSA | 2024-02-08 | 9,681 | 38,724 | — | 77,448 | 2,049,274 |
| William DeReu | PSA | 2024-02-08 | 2,531 | 10,122 | — | 20,244 | 535,656 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Michele Tyler | $385,591 | $0 | $0 | 0.0% |
| Wayne Wasechek | 196,057 | 0 | 0 | 0.0% |
| Ashlee Cribb | 208,564 | 0 | 0 | 0.0% |
| William DeReu | 301,433 | 0 | 0 | 0.0% |
| Eric Cremers | 1,153,201 | 0 | 0 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Eric Cremers | PSU | 40,394 | — | $1,585,465 |
| William DeReu | RSU | 7,003 | — | 274,868 |
| Michele Tyler | RSU | 4,187 | — | 164,340 |
| Ashlee Cribb | RSU | 4,870 | — | 191,148 |
| Michele Tyler | PSU | 13,506 | — | 530,111 |
| Ashlee Cribb | PSU | 7,305 | — | 286,721 |
| Ashlee Cribb | RSU | 4,584 | — | 179,922 |
| Wayne Wasechek | PSU | 6,866 | — | 269,491 |
| William DeReu | PSU | 10,558 | — | 414,402 |
| Wayne Wasechek | PSU | 2,393 | — | 93,925 |
| Michele Tyler | RSU | 9,004 | — | 353,407 |
| Eric Cremers | RSU | 26,594 | — | 1,043,815 |
| Eric Cremers | PSU | 36,246 | — | 1,422,656 |
| Eric Cremers | RSU | 23,557 | — | 924,612 |
| Ashlee Cribb | PSU | 6,876 | — | 269,883 |
| Ashlee Cribb | RSU | 10,950 | — | 429,788 |
| Michele Tyler | PSU | 6,281 | — | 246,529 |
| William DeReu | PSU | 4,909 | — | 192,678 |
| Wayne Wasechek | RSU | 3,826 | — | 150,171 |
| William DeReu | RSU | 3,206 | — | 125,836 |
| Wayne Wasechek | RSU | 1,595 | — | 62,604 |
| Wayne Wasechek | RSU | 4,578 | — | 179,687 |
Our compensation philosophy is to provide all of our executives a fair and competitive incentive-based compensation package that is tied to the performance of both the individual and the company. We also believe that a significant portion of total compensation for our senior executives should be at risk and contingent on the achievement of target levels of performance.
| CEO STI target (% of salary) | 125% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Semler Brossy |
| Clawback policy | True |
| Anti-hedging | True |
| Anti-pledging | True |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2025 | 2025-05-05 | 66,235,450 | 2,630,811 | 101,424 | 96.04% | Passed |
| 2024 | 2024-05-06 | 66,320,039 | 2,177,653 | 101,617 | 96.68% | Passed |
| 2023 | 2023-05-01 | 65,738,801 | 3,049,783 | 121,077 | 95.4% | Passed |
| 2022 | 2022-05-02 | 56,812,955 | 1,676,903 | 124,961 | 96.93% | Passed |
| 2021 | 2021-05-03 | 56,263,101 | 835,488 | 390,537 | 97.87% | Passed |
| 2020 | 2020-05-04 | 56,606,339 | 596,516 | 154,194 | 98.69% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2025 | 2025-05-05 | 96.04%a |
| 2024 | 2024-05-06 | 96.68%b |
| 2023 | 2023-05-01 | 95.4%c |
a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have the effect of a vote against this proposal.”.
b. Approved under the standard stated in the filing — “Abstentions will have the same effect as negative votes.”.
c. Approved under the standard stated in the filing — “Abstentions will have the same effect as negative votes.”.
Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
| Ratio (CEO : median employee) | 77.7 : 1 |
|---|---|
| CEO total compensation | $6,304,045 |
| Median employee compensation | $81,125 |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Michael J. CoveyIndependent · Board Chair | $180,000 | $130,000 | $0 | $0 | — | $586,736 |
| Linda M. BreardIndependent · Audit (Chair) · Compensation | 114,500 | 130,000 | 0 | 0 | — | 244,500 |
| Lawrence S. PeirosIndependent · Lead Independent Director · Audit | 112,500 | 130,000 | 0 | 0 | 1,500 | 244,000 |
| D. Mark LelandIndependent · Audit · Nominating/Governance (Chair) | 109,500 | 130,000 | 0 | 0 | — | 239,500 |
| Lenore M. SullivanIndependent · Compensation (Chair) | 104,500 | 130,000 | 0 | 0 | — | 234,500 |
| Anne L. AlonzoIndependent · Compensation | 92,000 | 130,000 | 0 | 0 | — | 222,000 |
| James M. DeCosmoIndependent · Audit | 87,000 | 130,000 | 0 | 0 | — | 217,000 |
| William L. DriscollIndependent · Nominating/Governance | 85,722 | 130,000 | 0 | 0 | — | 215,722 |
| Eric J. CremersNot independent | 0 | 0 | 0 | 0 | 0 | 0 |
| Annual cash retainer | $75,000 |
|---|---|
| Annual equity retainer | $130,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 20,000 / 105,000 / 12,500 |
| Stock ownership guideline | $500,000 |
| Component | FY2024 |
|---|---|
| Cash retainers and fees | $885,722 |
| Equity awards (grant-date value) | $1,040,000 |
| All other compensation | $1,500 |
| Total cost of the board | $1,927,222 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Of the companies PotlatchDeltic Corp names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.
Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including PotlatchDeltic Corp.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Weyerhaeuser | 2025 | Devin Stockfish | $1,300,000 | $10,155,810 | $0 | $2,102,000 | $13,983,685 |
| 2 | PotlatchDeltic Corp | 2024 | Eric Cremers | 925,385 | 3,202,475 | 0 | 1,124,300 | 6,304,045 |
| 3 | Rayonier | 2025 | Mark McHugh | 800,000 | 3,058,120 | 0 | 1,475,001 | 5,457,716 |
| 4 | UFP Industries | 2025 | William Schwartz | 600,750 | 1,633,995 | 0 | 1,400,000 | 3,716,568 |
| 5 | The St. Joe Company | 2025 | Jorge Gonzalez | 611,673 | 308,143 | 0 | 0 | 1,857,798 |
| — | West Fraser Timber Co. | — | — | — | — | — | — | not in coverage universe |
| — | Interfor Corporation | — | — | — | — | — | — | not in coverage universe |
| — | Western Forest Products | — | — | — | — | — | — | not in coverage universe |
Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| PotlatchDeltic Corp | 97% | PSU 60 · RSU 40 | Yes — Relative TSR vs Performance Peer Group | Semler Brossy |
| Interfor Corporation | not disclosed | not disclosed | not disclosed | not disclosed |
| Rayonier | 147.5% | PSU 50 · RSU 50 | Yes — Total Shareholder Return (TSR) | FW Cook |
| The St. Joe Company | 150% | RSU 100 | not disclosed | not disclosed |
| UFP Industries | not disclosed | RSU 90 · PSU 10 | No | not disclosed |
| West Fraser Timber Co. | not disclosed | not disclosed | not disclosed | not disclosed |
| Western Forest Products | not disclosed | not disclosed | not disclosed | not disclosed |
| Weyerhaeuser | not disclosed | not disclosed | not disclosed | FW Cook |
Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Eric Cremers | DEF 14A | 2025-03-27 | 0000950170-25-045827 | Section “Summary Compensation Table”. As printed: 6,304,045. Filing ↗machine: r2 · c8 · span 801304–801313 |
| 2 | Section 01, Michele Tyler | DEF 14A | 2025-03-27 | 0000950170-25-045827 | Section “Summary Compensation Table”. As printed: 1,720,582. Filing ↗machine: r11 · c8 · span 831659–831668 |
| 3 | Section 01, William DeReu | DEF 14A | 2025-03-27 | 0000950170-25-045827 | Section “Summary Compensation Table”. As printed: 1,649,319. Filing ↗machine: r14 · c8 · span 841797–841806 |
| 4 | Section 01, Wayne Wasechek | DEF 14A | 2025-03-27 | 0000950170-25-045827 | Section “Summary Compensation Table”. As printed: 1,298,237. Filing ↗machine: r5 · c8 · span 811434–811443 |
| 5 | Section 01, Ashlee Cribb | DEF 14A | 2025-03-27 | 0000950170-25-045827 | Section “Summary Compensation Table”. As printed: 1,174,104. Filing ↗machine: r8 · c8 · span 821558–821567 |
| 6 | Section 03, Michele Tyler RSU | DEF 14A | 2025-03-27 | 0000950170-25-045827 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t36 · r10 · c9 · span 907468–907475 |
| 7 | Section 03, Wayne Wasechek PSA | DEF 14A | 2025-03-27 | 0000950170-25-045827 | Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t36 · r5 · c9 · span 888380–888387 |
| 8 | Section 03, Michele Tyler PSA | DEF 14A | 2025-03-27 | 0000950170-25-045827 | Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t36 · r9 · c9 · span 903646–903653 |
| 9 | Section 03, Ashlee Cribb PSA | DEF 14A | 2025-03-27 | 0000950170-25-045827 | Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t36 · r7 · c9 · span 896015–896022 |
| 10 | Section 03, Wayne Wasechek RSU | DEF 14A | 2025-03-27 | 0000950170-25-045827 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t36 · r6 · c9 · span 892202–892209 |
| 11 | Section 03, Ashlee Cribb RSU | DEF 14A | 2025-03-27 | 0000950170-25-045827 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t36 · r8 · c9 · span 899837–899844 |
| 12 | Section 03, William DeReu RSU | DEF 14A | 2025-03-27 | 0000950170-25-045827 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t36 · r12 · c9 · span 915099–915106 |
| 13 | Section 03, Eric Cremers RSU | DEF 14A | 2025-03-27 | 0000950170-25-045827 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t36 · r4 · c9 · span 884570–884579 |
| 14 | Section 03, Eric Cremers PSA | DEF 14A | 2025-03-27 | 0000950170-25-045827 | Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t36 · r3 · c9 · span 880745–880754 |
| 15 | Section 03, William DeReu PSA | DEF 14A | 2025-03-27 | 0000950170-25-045827 | Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t36 · r11 · c9 · span 911277–911284 |
| 16 | Section 07, pay ratio | DEF 14A | 2025-03-27 | 0000950170-25-045827 | Section “CEO Pay Ratio”. As printed: 77.7 : 1. Filing ↗machine: span 1201848–1201858 |
| 17 | Section 08, Michael J. Covey | DEF 14A | 2025-03-27 | 0000950170-25-045827 | Section “Director Compensation”. As printed: 586,736. Filing ↗machine: t9 · r4 · c5 · span 340557–340564 |
| 18 | Section 08, Linda M. Breard | DEF 14A | 2025-03-27 | 0000950170-25-045827 | Section “Director Compensation”. As printed: 244,500. Filing ↗machine: t9 · r3 · c5 · span 338228–338235 |
| 19 | Section 08, Lawrence S. Peiros | DEF 14A | 2025-03-27 | 0000950170-25-045827 | Section “Director Compensation”. As printed: 244,000. Filing ↗machine: t9 · r8 · c5 · span 349872–349879 |
| 20 | Section 08, D. Mark Leland | DEF 14A | 2025-03-27 | 0000950170-25-045827 | Section “Director Compensation”. As printed: 239,500. Filing ↗machine: t9 · r7 · c5 · span 347543–347550 |
| 21 | Section 08, Lenore M. Sullivan | DEF 14A | 2025-03-27 | 0000950170-25-045827 | Section “Director Compensation”. As printed: 234,500. Filing ↗machine: t9 · r9 · c5 · span 352203–352210 |
| 22 | Section 08, Anne L. Alonzo | DEF 14A | 2025-03-27 | 0000950170-25-045827 | Section “Director Compensation”. As printed: 222,000. Filing ↗machine: t9 · r2 · c5 · span 335900–335907 |
| 23 | Section 08, James M. DeCosmo | DEF 14A | 2025-03-27 | 0000950170-25-045827 | Section “Director Compensation”. As printed: 217,000. Filing ↗machine: t9 · r5 · c5 · span 342885–342892 |
| 24 | Section 08, William L. Driscoll | DEF 14A | 2025-03-27 | 0000950170-25-045827 | Section “Director Compensation”. As printed: 215,722. Filing ↗machine: t9 · r6 · c5 · span 345216–345223 |
| 25 | Section 08, Eric J. Cremers | DEF 14A | 2025-03-27 | 0000950170-25-045827 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 26 | Section 06, 2025 vote | Form 8-K | 2025-05-07 | 0000950170-25-065661 | Item 5.07 · say-on-pay result. As reported: 96.04% (votes for as printed: 66,235,450). Filing ↗ |
| 27 | Section 06, 2024 vote | Form 8-K | 2024-05-08 | 0000950170-24-054793 | Item 5.07 · say-on-pay result. As reported: 96.68% (votes for as printed: 66,320,039). Filing ↗ |
| 28 | Section 06, 2023 vote | Form 8-K | 2023-05-04 | 0000950170-23-017871 | Item 5.07 · say-on-pay result. As reported: 95.4% (votes for as printed: 65,738,801). Filing ↗ |
| 29 | Section 01 trend, Δ column (computed) | Computed | — | computed | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 30 | Section 03b vehicle mix (computed) | Computed | — | computed | RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio |
| 31 | Section 09b board cost (computed) | Computed | — | computed | Cash 885,722 + equity 1,040,000 + all other 1,500 = 1,927,222, summed across the director compensation table rows.machine: formula: Σ = 1,927,222 |
| 32 | Weyerhaeuser, Section 10b CEO total | DEF 14A | 2026-04-01 | 0001140361-26-012453 | CEO total compensation as printed in Weyerhaeuser's own proxy. As printed: 13,983,685. Filing ↗ |
| 33 | PotlatchDeltic Corp (subject), Section 10b CEO total | DEF 14A | 2025-03-27 | 0000950170-25-045827 | CEO total compensation as printed in PotlatchDeltic Corp's own proxy. As printed: 6,304,045. Filing ↗machine: r2 · c8 · span 801304–801313 |
| 34 | Rayonier, Section 10b CEO total | DEF 14A | 2026-04-01 | 0000052827-26-000054 | CEO total compensation as printed in Rayonier's own proxy. As printed: 5,457,716. Filing ↗machine: span 727732–727741 |
| 35 | UFP Industries, Section 10b CEO total | DEF 14A | 2026-03-09 | 0001140361-26-008481 | CEO total compensation as printed in UFP Industries's own proxy. As printed: 3,716,568. Filing ↗machine: r2 · c19 · span 425236–425246 |
| 36 | The St. Joe Company, Section 10b CEO total | DEF 14A | 2026-03-31 | 0001140361-26-012328 | CEO total compensation as printed in The St. Joe Company's own proxy. As printed: 1,857,798. Filing ↗machine: r2 · c18 · span 439625–439634 |
| 37 | Section 10a, Weyerhaeuser reciprocity | DEF 14A | — | 0001140361-26-012453 | Weyerhaeuser's most recent proxy was read; its disclosed peer group does not include PotlatchDeltic Corp. Filing ↗ |
| 38 | Section 10a, Rayonier reciprocity | DEF 14A | — | 0000052827-26-000054 | Rayonier names PotlatchDeltic Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 39 | Section 10a, UFP Industries reciprocity | DEF 14A | — | 0001140361-26-008481 | UFP Industries's most recent proxy was read; its disclosed peer group does not include PotlatchDeltic Corp. Filing ↗ |