v3.26.1
INCENTIVE STOCK PLANS (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Incentive Compensation Costs
A summary of our stock-based incentive compensation cost is presented below:
Three Months Ended March 31,
20262025
Other operating expense, net (a) $11,509 $205 
Selling and general expenses2,690 1,745 
Cost of sales1,124 267 
Timber and Timberlands, net (b)90 64 
Total stock-based incentive compensation$15,413 $2,281 
Tax benefit recognized related to stock-based incentive compensation expense$658 $119 
(a)Represents accelerated stock-based incentive compensation cost due to our merger with PotlatchDeltic for the three months ended March 31, 2026.
(b)Represents amounts capitalized as part of the overhead allocation of timber-related costs.
Share-Based Payment Arrangement, Restricted Stock Unit, Activity
A summary of the replacement restricted stock units granted during the three months ended March 31, 2026 as a result of the merger is as follows:
Replacement restricted stock units granted1,744,380 
Weighted average price of replacement restricted stock units granted$22.74 
Replacement restricted stock units vested as a result of acceleration607,621 
Grant date fair value of replacement restricted stock units vested$22.74 
Intrinsic value of replacement restricted stock units outstanding (a)$22,374 
(a)Intrinsic value is based on the closing market price of the Company’s common shares at March 31, 2026.
Share-Based Payment Arrangement, Activity
A summary of the replacement deferred compensation stock equivalent awards granted during the three months ended March 31, 2026 as a result of the merger is as follows:
Replacement deferred compensation stock equivalent units granted280,588 
Weighted average price of deferred compensation stock equivalent units granted$22.74 
Intrinsic value of replacement deferred compensation stock equivalent units outstanding (a)$1,855 
(a)Intrinsic value of stock unit equivalents outstanding is based on the market price of the Company’s stock at March 31, 2026.