Form 4: Sylvamo Corp Director Jeanmarie F. Desmond Acquires Deferred Stock Units

Director Jeanmarie F. Desmond acquired deferred stock units in Sylvamo Corp due to a dividend declared on common stock.

Summary

• On October 17, 2024, Jeanmarie F. Desmond, a director of Sylvamo Corp, acquired 25.1399 deferred stock units (DSUs) as a result of a dividend declared on Sylvamo Corporation common stock.
• These DSUs were granted under the Sylvamo Corporation Restricted Stock and Deferred Compensation Plan for Non-Employee Directors.
• Each DSU represents the economic equivalent of one share of Sylvamo Corporation common stock.
• The DSUs will settle either five or ten years after the applicable Performance Year, or in January following the year Desmond terminates service as a director.
• Following the transaction, Desmond directly owns 141.8418 DSUs.

Sentiment

Score: 7

Explanation: Routine transaction; director increasing stake is generally a positive signal.

Positives

• The acquisition of DSUs by a director signals confidence in the company's future performance.

Future Outlook

The DSUs will settle either five or ten years after the applicable Performance Year, or in January following the year Desmond terminates service as a director.

Industry Context

This is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholder sentiment.

Key Dates