Form 4: Sylvamo Corp CEO Jean-Michel Ribieras Reports Acquisition of Dividend Equivalent Units
SEC Form 4 Filing
Sylvamo Corp's Chairman and CEO, Jean-Michel Ribieras, reports acquiring dividend equivalent units related to previously granted restricted stock units.
Summary
- Jean-Michel Ribieras, Chairman and CEO of Sylvamo Corp, reported a transaction on October 17, 2024.
- The transaction involved the acquisition of 359.0157 dividend equivalent units (DEUs) at a price of $86.97.
- These DEUs are accrued on restricted stock units (RSUs) previously granted to Ribieras.
- The DEUs will vest and be settled under the same terms as the original RSUs.
- Each DEU represents the right to receive one share of Sylvamo Corporation common stock upon vesting.
- Following the reported transaction, Ribieras directly owns 5,250.0455 DEUs.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reporting a standard transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and holdings, common in publicly traded companies. It provides transparency into the holdings of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, primarily providing transparency to shareholders regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| 10/17/2024 | Date of transaction: Acquisition of dividend equivalent units. |
| 10/21/2024 | Date of signature on the report. |
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