In 2022, Michael J. Covey earned $942.31K in total compensation at PotlatchDeltic Corporation, primarily from $381.54K salary. Most recently acquired 3,026 shares in May 2024. Currently holds stock worth $4.91M. Led PotlatchDeltic Corporation as CEO for 16 years.
Compensation History
Annual executive compensation data for Michael J. Covey, including salary, bonuses, and stock awards.
Year
2022
Total Compensation
$942.31K
Salary
$381.54K
Bonus
$0.00
Other
$560.77K
Salary
$381.54KBoard Justification
The compensation philosophy is to provide a fair and competitive incentive-based compensation package that aligns with performance and shareholder interests.
Bonus
$0.00Board Justification
No cash bonus was reported for 2022 as the focus was on long-term performance incentives.
Other Compensation
$560.77KBoard Justification
Other compensation includes 401(k) Plan company match, allocation under the 401(k) Plan Supplemental Benefit, premiums paid for life insurance, and accrued but unused vacation time.
Restricted Stock
Board Justification
No stock awards vested in 2022 as the focus was on long-term performance shares that are subject to performance metrics over a three-year period.
Performance Metrics
The performance metrics for determining compensation include financial performance measures such as FFO and EBITDDA.
Michael J. Covey
Ex-CEO of PotlatchDeltic Corporation
Education
Bachelor's degree in Forest Management from the University of Washington
Field of Expertise
Business & Management
Sector of Economy
Real Estate
Born
December 1, 1951 - 74 years ago
CEO of PotlatchDeltic Corporation for
16 years 9 months (Feb 2006 - Nov 2022)
Previous Experience
Senior Vice President of Plum Creek Timber Company
Other PotlatchDeltic Corporation CEOs
Holdings
Track Michael J. Covey's stock holdings and portfolio value over time.
Total Stock Sold
$34.38M
$34.38M
689,226 PCH shares
What if they kept their stock?
If Michael J. Covey didn't sell their stock, today they would have:
Extra PCH689,226 shares worth $27.13M.
This is -21.1% and $7.25M less than what they got when they sold the stock.
Insider Trading
Michael J. Covey's recent stock transactions, purchases, and sales filed with the SEC.
3,026.071 shares
PCH
May 9, 2024
Received
2,901.138 shares
PCH
May 4, 2023
Received
$2.24M
PCH at $46.41/share
Feb 28, 2023
Sale
$261.01K
PCH at $47.06/share
Feb 17, 2023
Sale
$983.98K
PCH at $48.00/share
Feb 15, 2023
Sale
59,489 shares
PCH
Feb 9, 2023
Received
$3.40M
PCH at $55.27/share
Mar 2, 2022
Sale
$1.96M
PCH at $54.13/share
Feb 14, 2022
Sale
80,816 shares
PCH
Feb 10, 2022
Received
$3.64M
PCH at $59.98/share
May 4, 2021
Sale
Rivals
Compare Michael J. Covey with competitor CEOs and industry peers.
Nate Jorgensen
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2023 Compensation
Stock
$0.00
Salary
$1.01M
Bonus
$2.72M
Other
$234.32K
Total Holdings
$106.29M
Alan J. M. Haughie
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2023 Compensation
Stock
$587.50K
Salary
$643.20K
Bonus
$613.04K
Other
$70.37K
Total Holdings
$11.41M
Nicholas I. Fink
CEO of Fortune Brands Innovations
2023 Compensation
Stock
$7.31M
Salary
$1.24M
Bonus
$1.97M
Other
$275.23K
Total Holdings
$795.03K
David L. Nunes
CEO of Rayonier
2023 Compensation
Stock
$0.00
Salary
$900.00K
Bonus
$1.43M
Other
$168.68K
Total Holdings
$17.72K