Form 4: Sylvamo Corp Director Jeanmarie F. Desmond Acquires Shares

Director Jeanmarie F. Desmond acquired 1,779 shares of Sylvamo Corp restricted stock units (RSUs) on May 16, 2024, at a price of $70.28 per share.

Summary

• On May 16, 2024, Jeanmarie F. Desmond, a director of Sylvamo Corp, acquired 1,779 shares of common stock.
• The acquisition was in the form of time-based restricted stock units (RSUs) granted for service as a director for the 2024-2025 performance year.
• The price per share was $70.28.
• These RSUs will vest on the earlier of May 16, 2025, or the next annual shareowners meeting.
• Desmond has elected to defer settlement of vested RSUs until the first to occur of May 16, 2035, or the termination of her service as a director.
• Following the transaction, Desmond directly owns 10,203 shares of Sylvamo Corp common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's acquisition of shares suggests confidence in the company, but it's a routine transaction.

Positives

• The director's acquisition of shares demonstrates confidence in the company's future.
• The vesting schedule aligns the director's interests with the long-term performance of the company.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders and their holdings of company stock.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a company director.

Key Dates