Form 4: Sylvamo Corp CEO Jean-Michel Ribieras Reports Acquisition of Dividend Equivalent Units

Sylvamo Corp's Chairman and CEO, Jean-Michel Ribieras, reports the acquisition of dividend equivalent units related to previously granted restricted stock units.

Summary

• On July 29, 2024, Jean-Michel Ribieras, Chairman and CEO of Sylvamo Corp, acquired 408.4185 dividend equivalent units (DEUs).
• 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 this transaction, Ribieras directly owns 4,891.0298 dividend equivalent units.
• The price of the dividend equivalent units is $76.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, indicating standard corporate governance practices. It is neither overwhelmingly positive nor negative.

Future Outlook

The dividend equivalent units will vest and be settled on the same terms and conditions as the original RSUs to which they relate.

Industry Context

This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholder confidence as it demonstrates continued alignment of management's interests with those of the shareholders.

Key Dates