Michael J. Covey has seen significant fluctuations in his stock holdings while leading PotlatchDeltic Corporation. In recent years, his investments peaked in 2020 with equity awards that helped push his total compensation to approximately $6.8 million. This included a notable...

Michael J. Covey has seen significant fluctuations in his stock holdings while leading PotlatchDeltic Corporation. In recent years, his investments peaked in 2020 with equity awards that helped push his total compensation to approximately $6.8 million. This included a notable cash bonus of $2.79 million, based on strong company performance metrics. However, his wealth in holdings decreased in subsequent years; for example, in 2022, Covey's compensation fell to around $942,000 as performance-based incentives took precedence, showing a shift towards emphasizing long-term company goals rather than short-term financial rewards. Over his career at PotlatchDeltic, Covey's stock ownership has been integral in aligning his interests with those of shareholders, reinforcing both responsibility and accountability.