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

Director Christine S. Breves reports acquisition of deferred stock units and dividend equivalent units related to Sylvamo Corp common stock.

Summary

• On July 29, 2024, Christine S. Breves, a director of Sylvamo Corp, acquired 32.522 deferred stock units (DSUs) and 10.5336 dividend equivalent units (DEUs).
• The DSUs were granted under the Sylvamo Corporation Restricted Stock and Deferred Compensation Plan for Non-Employee Directors in connection with a dividend declared on shares of Sylvamo Corporation common stock.
• Each DSU is the economic equivalent of one share of Sylvamo Corporation common stock and will settle either five or ten years after the applicable Performance Year, or in January following termination of service as a director.
• The DEUs accrued on previously granted restricted stock units (RSUs) and/or DSUs, also in connection with a dividend paid on Sylvamo Corporation common stock.
• The DEUs will vest and be settled on the same terms as the original RSUs or DSUs to which they relate, with each DEU representing the right to receive one share of Sylvamo Corporation common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, suggesting a neutral to slightly positive sentiment as it indicates continued alignment of interests.

Positives

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

Future Outlook

The DSUs will settle according to the reporting person's election of either five (5) or ten (10) years upon the last day of the applicable Performance Year, or if earlier, January of the next calendar year following the year in which the reporting person terminates service as a director. The DEUs will vest and be settled on the same terms and conditions as the original RSUs or DSUs to which they relate.

Industry Context

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

Stakeholder Impact

• The acquisition of DSUs and DEUs by a director can be viewed positively by shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates