Form 4: Sylvamo Corp Director Acquires Deferred Stock Units Due to Dividend

Director Jonathan Paul Rollinson acquired deferred stock units in Sylvamo Corp due to a dividend declared on common stock, according to a Form 4 filing.

Summary

• On January 24, 2025, Jonathan Paul Rollinson, a director of Sylvamo Corp, acquired 89.0861 deferred stock units (DSUs) due to a dividend.
• These DSUs were granted under the Sylvamo Corporation Restricted Stock and Deferred Compensation Plan for Non-Employee Directors.
• Each DSU represents the economic equivalent of one share of Sylvamo Corporation common stock.
• The price of the underlying common stock was $81.13.
• Following the transaction, Rollinson directly owns 800.3169 DSUs.
• The DSUs will settle either five or ten years after the applicable Performance Year, or in January following termination of service as a director, based on Rollinson's election.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating stability and alignment of interests. It is neither overwhelmingly positive nor negative.

Positives

• The acquisition of DSUs indicates continued alignment of the director's interests with those of the shareholders.

Future Outlook

The DSUs will settle either five or ten years after the applicable Performance Year, or in January following termination of service as a director, based on Rollinson's election.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of DSUs by a director can reassure shareholders about the director's commitment to the company's long-term success.

Key Dates