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

Director David D. Petratis acquired deferred stock units in Sylvamo Corp due to a dividend declared on common stock.

Summary

• On April 29, 2025, David D. Petratis, a director of Sylvamo Corp, acquired 168.6606 deferred stock units (DSUs) as a result of a dividend declared on the company's common stock.
• Each DSU represents the economic equivalent of one share of Sylvamo Corporation common stock.
• The DSUs were granted under the Sylvamo Corporation Restricted Stock and Deferred Compensation Plan for Non-Employee Directors.
• The reporting person now beneficially owns 1,275.1477 shares of common stock.
• These DSUs will settle either five or ten years after the applicable Performance Year, or in January following the year of termination of service as a director, based on the reporting person's election.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The director is receiving stock units due to a dividend, which is generally a positive sign for the company's financial health. There are no explicit negative indicators.

Positives

• The acquisition of DSUs indicates continued alignment of the director's interests with those of the shareholders.
• The dividend payment suggests the company is performing well enough to distribute profits to shareholders.

Future Outlook

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

Industry Context

Directors receiving stock-based compensation is a common practice to align their interests with shareholders, particularly in publicly traded companies like Sylvamo Corp.

Comparison to Industry Standards

• Stock-based compensation for directors is a standard practice across publicly traded companies.
• Companies like International Paper (IP) and Smurfit Kappa also utilize stock and option grants as part of their director compensation packages.
• The specific terms of the Sylvamo Corp plan, such as the vesting schedule and settlement options, would need to be compared to those of peer companies to assess its competitiveness.

Stakeholder Impact

• The acquisition of DSUs by a director can positively influence shareholder confidence by aligning management's interests with theirs.

Key Dates

Keywords

Sylvamo Corp, David D. Petratis, deferred stock units, DSUs, director, dividend, Form 4, beneficial ownership, restricted stock, compensation plan