PotlatchDeltic 2019 Plan (New) Employee RSU Deferral Election Form

POTLATCHDELTIC CORPORATION 2019 LONG-TERM INCENTIVE PLAN
RESTRICTED STOCK UNIT AWARD DEFERRAL ELECTION

NAME: EMPLOYEE NO.:  

INSTRUCTIONS:

You may elect to defer receipt of all or a portion of the shares of Common Stock (“Shares”) that you may earn under the restricted stock unit award (“Award”) granted to you in connection with your initial employment with PotlatchDeltic Corporation pursuant to the PotlatchDeltic Corporation 2019 Long-Term Incentive Plan (the “Plan”) in the year that you make this election to the extent you return your election during the election period established by the Company, which will end no later than thirty (30) days after the grant date of the Award, provided the first vesting date under the Award is at least 12 months after the date of your election (this election deadline referred to hereinafter as “Effective Date”).  If you elect to defer receipt of any portion of your Awards, you must elect the time and method of payment below. Your election to defer receipt of the Shares that you may earn under your Awards and the time and method of payment are binding and irrevocable as of the Effective Date (and as provided below).  [This election does not apply to any special restricted stock unit awards granted to you outside of our annual restricted stock unit program.]  Capitalized terms not defined herein have the meanings assigned to such terms under the Plan.

Please return this form to Sean Hoagland, Corporate Compensation, Spokane, no later than ___________________.

PART I – DEFERRAL ELECTION

A._____ I do not wish to elect any deferral at this time.

B._____ I elect that 50% of the Shares that I may earn under each of my Awards be paid on each of the vestingdates thereunder (subject to the terms and conditions of the Award) and the other 50% be deferred.

C._____ I elect deferral of 100% of the Shares that I may earn under each of my Awards.

PART II -- PAYMENT TIMING AND METHOD

Check One

____First payment date within thirty (30) days following Separation from Service.

____First payment date within thirty (30) days following age _____.

____First payment date within thirty (30) days following age 65.

Check One

____Equal Annual Installments ____Single Payment

____Number of Annual Installments (not to exceed 15 and commencing on the first payment date)

By signing this Deferral Election, I acknowledge my understanding and acceptance of the following:

Signature:  _______________________________________Date: _______________________