Form 4: Sylvamo Corp Director Gottung Acquires Dividend Equivalent Units

Director Lizanne C. Gottung reports acquisition of dividend equivalent units related to previously granted stock units.

Summary

• Lizanne C. Gottung, a director of Sylvamo Corp, reported the acquisition of 13.4537 dividend equivalent units (DEUs) on April 29, 2025.
• These DEUs are accrued on restricted stock units (RSUs) and/or deferred stock units (DSUs) previously granted under the Sylvamo Corporation Restricted Stock and Deferred Compensation Plan for Non-Employee Directors.
• The DEUs are connected to a dividend paid on Sylvamo Corporation common stock.
• Each DEU represents the right to receive one share of Sylvamo Corporation common stock, subject to vesting.
• Following the transaction, Gottung directly owns 176.4748 DEUs.
• The price of the dividend was $60.5.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating standard corporate governance practices. It is neither overwhelmingly positive nor negative.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.

Stakeholder Impact

• The acquisition of dividend equivalent units by a director may be of interest to shareholders as it reflects the director's alignment with the company's performance and dividend policy.

Key Dates

Keywords

Sylvamo Corp, Director, Dividend Equivalent Units, DEUs, RSUs, DSUs, Beneficial Ownership, Form 4, Gottung, Stock