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

Director David D. Petratis reports acquisition of deferred stock units (DSUs) related to a dividend on Sylvamo Corp common stock.

Summary

• On May 1, 2024, David D. Petratis, a director of Sylvamo Corp, filed a Form 4.
• The report details the acquisition of deferred stock units (DSUs) related to a dividend declared on shares of Sylvamo Corporation common stock.
• On April 29, 2024, Petratis acquired 88.45 DSUs at a price of $62.55 per unit.
• Following the transaction, Petratis directly owns 733.2752 DSUs.
• These 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 Petratis's election.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard insider activity related to compensation and dividend accrual, indicating alignment with shareholder interests.

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 Petratis's election.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The acquisition of DSUs aligns the director's interests with those of the shareholders, potentially fostering better corporate governance.

Key Dates