Form 4: Jeanmarie F. Desmond Acquires Deferred Stock Units in Sylvamo Corp (SLVM)

Director Jeanmarie F. Desmond acquired deferred stock units in Sylvamo Corp due to a dividend declared on common stock.

Summary

• On April 29, 2024, Jeanmarie F. Desmond, a director of Sylvamo Corp [SLVM], acquired 14.5637 deferred stock units (DSUs) as a result of a dividend declared on shares of Sylvamo Corporation common stock.
• These DSUs were granted under the Sylvamo Corporation Restricted Stock and Deferred Compensation Plan for Non-Employee Directors.
• Each DSU is equivalent to one share of Sylvamo Corporation common stock.
• The price of the stock at the time of the transaction was $62.55.
• Following the transaction, Desmond directly owns 88.1026 DSUs.
• The DSUs will settle either five or ten years after the applicable Performance Year, or in January following the year Desmond terminates service as a director, based on her election.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider transaction, with neutral sentiment.

Future Outlook

The DSUs will settle either five or ten years after the applicable Performance Year, or in January following the year Desmond terminates service as a director, based on her election.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions, providing transparency to investors regarding the holdings of company directors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and ownership.

Key Dates