The estimated Net Worth of Michael J Covey is at least $42.9 millió dollars as of 28 February 2023. Mr. Covey owns over 48,248 units of PotlatchDeltic Corp stock worth over $4,968,478 and over the last 19 years he sold PCH stock worth over $33,341,591. In addition, he makes $4,636,820 as Chairman of the Board és Chief Executive Officer at PotlatchDeltic Corp.
Michael has made over 17 trades of the PotlatchDeltic Corp stock since 2006, according to the Form 4 filled with the SEC. Most recently he sold 48,248 units of PCH stock worth $2,239,190 on 28 February 2023.
The largest trade he's ever made was selling 98,939 units of PotlatchDeltic Corp stock on 7 March 2018 worth over $5,046,878. On average, Michael trades about 15,649 units every 131 days since 2006. As of 28 February 2023 he still owns at least 116,768 units of PotlatchDeltic Corp stock.
You can see the complete history of Mr. Covey stock trades at the bottom of the page.
Michael J. Covey has been appointed as Executive Chairman of the Board of the Company effective 12/31/2020. He has been a director since February 2006. Our Chief Executive Officer since February 2006 and President and Chief Executive Officer from 2006 to 2013, Mr. Covey has also been Chairman since January 2007. Prior to joining PotlatchDeltic in 2006, he was employed for 23 years by Plum Creek Timber Company, Inc., a REIT formerly traded on NYSE until it was acquired by Weyerhaeuser Company in 2016, where he served as Executive Vice President from 2001 until shortly before joining PotlatchDeltic in 2006. Mr. Covey served as a director of Esterline Corporation, a publicly traded aerospace manufacturing company from May 2017 until March 2019, when it was acquired by TransDigm Group, Inc. As our Chief Executive Officer, Mr. Covey has a deep understanding of all aspects of our business and operations. Mr. Covey has a strong background in timberlands, real estate and forest products, with extensive executive-level experience in financial and operational management of timberlands and wood products and other manufacturing facilities. In addition, Mr. Covey has experience managing a REIT, with an operational understanding of the requirements associated with maintaining REIT status.
As the Chairman of the Board és Chief Executive Officer of PotlatchDeltic Corp, the total compensation of Michael Covey at PotlatchDeltic Corp is $4,636,820. There are no executives at PotlatchDeltic Corp getting paid more.
Michael Covey is 62, he's been the Chairman of the Board és Chief Executive Officer of PotlatchDeltic Corp since 2013. There are 7 older and 13 younger executives at PotlatchDeltic Corp. The oldest executive at PotlatchDeltic Corp is Gregory Quesnel, 71, who is the Independent Director.
Michael's mailing address filed with the SEC is 601 W. FIRST AVENUE, SUITE 1600, SPOKANE, WA, 99201.
Over the last 19 years, insiders at PotlatchDeltic Corp have traded over $52,901,462 worth of PotlatchDeltic Corp stock and bought 91,246 units worth $3,323,504 . The most active insiders traders include Michael J Covey, Larry Peiros és Ruth Ann M Gillis. On average, PotlatchDeltic Corp executives and independent directors trade stock every 56 days with the average trade being worth of $457,327. The most recent stock trade was executed by Ashlee Townsend Cribb on 29 July 2024, trading 4,114 units of PCH stock currently worth $177,355.
potlatchdeltic (nasdaq:pch) is a leading real estate investment trust (reit) that owns 1.8 million acres of timberlands in alabama, arkansas, idaho, louisiana, minnesota and mississippi. through its taxable reit subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program. potlatchdeltic, a leader in sustainable forest management, is committed to environmental and social responsibility and to responsible governance.
PotlatchDeltic Corp executives and other stock owners filed with the SEC include: