Form 4: Sylvamo Corp Director Christine S. Breves Reports Acquisition of Deferred Stock Units

Director Christine S. Breves reports the acquisition of deferred stock units in Sylvamo Corp due to a dividend declaration.

Summary

• On April 29, 2024, Christine S. Breves, a director of Sylvamo Corp, acquired 26.2177 deferred stock units (DSUs) due to 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 represents the economic equivalent of one share of Sylvamo Corporation common stock.
• The DSUs will settle either five or ten years after the applicable Performance Year, or in January following the year Ms. Breves terminates service as a director.
• Following the transaction, Ms. Breves directly owns 158.6025 DSUs.

Sentiment

Score: 5

Explanation: This is a neutral report on a routine transaction related to director compensation. It doesn't indicate positive or negative sentiment.

Future Outlook

The deferred stock units will settle either five or ten years after the applicable Performance Year, or in January following the year Ms. Breves terminates service as a director, according to the terms of the Sylvamo Corporation Restricted Stock and Deferred Compensation Plan for Non-Employee Directors.

Industry Context

This filing is a routine disclosure related to director compensation and holdings, and it doesn't necessarily reflect broader industry trends.

Stakeholder Impact

• The transaction has a minor positive impact on Ms. Breves' holdings in the company.
• The transaction has no immediate impact on other stakeholders.

Key Dates