Form 4: Sylvamo Corp Director James P. Zallie Reports Dividend Equivalent Units Acquisition

Director James P. Zallie reports acquisition of dividend equivalent units related to previously granted restricted stock units.

Summary

• On January 24, 2025, James P. Zallie, a director of Sylvamo Corp, acquired 9.9773 dividend equivalent units (DEUs) related to previously granted restricted stock units (RSUs) and/or deferred stock units (DSUs).
• The DEUs were accrued under the Sylvamo Corporation Restricted Stock and Deferred Compensation Plan for Non-Employee Directors.
• These 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.
• The price of the derivative security is $81.13.
• Following the transaction, Zallie directly owns 163.0211 derivative securities.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation, indicating a neutral sentiment.

Future Outlook

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 Form 4 filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it relates to executive compensation.

Key Dates