Form 4: Sylvamo Corp Director David D. Petratis Reports Acquisition of Deferred Stock Units

Director David D. Petratis reports acquisition of deferred stock units in Sylvamo Corp due to dividend declaration.

Summary

• On October 17, 2024, David D. Petratis, a director of Sylvamo Corp, acquired 116.0797 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 is equivalent to 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 Petratis terminates service as a director.
• Following this transaction, Petratis directly owns 981.4078 DSUs.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard compensation practices and alignment of director interests with shareholders.

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 the year Petratis terminates service as a director.

Industry Context

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

Stakeholder Impact

• The acquisition of DSUs aligns the director's interests with those of the shareholders.

Key Dates