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 restricted stock units.

Summary

• On October 17, 2024, James P. Zallie, a director of Sylvamo Corp, acquired dividend equivalent units (DEUs) related to previously granted restricted stock units (RSUs) and deferred stock units (DSUs).
• The acquisition involved 9.2594 DEUs, each representing the right to receive one share of Sylvamo Corporation common stock upon vesting.
• These DEUs were accrued in connection with a dividend paid on Sylvamo Corporation common stock under the company's Restricted Stock and Deferred Compensation Plan for Non-Employee Directors.
• Following the transaction, Zallie directly owns 153.0438 DEUs.
• The price of the derivative security is $86.97.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating normal corporate operations. There is nothing to suggest a positive or negative outlook.

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

Stakeholder Impact

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

Key Dates