Form 4: Sylvamo Corp Director Joia M. Johnson Reports Acquisition of Common Stock
SEC Form 4
Director Joia M. Johnson reports acquisition of 2,655 shares of Sylvamo Corp common stock at $56.51 per share, bringing total holdings to 12,829 shares.
Summary
- On May 15, 2025, Joia M. Johnson, a director of Sylvamo Corp, acquired 2,655 shares of common stock.
- The shares were acquired at a price of $56.51 per share.
- This acquisition increased Johnson's direct holdings to 12,829 shares of Sylvamo Corp common stock.
- The reported securities represent time-based restricted stock units (RSUs) granted for service as a director for the 2025-2026 performance year.
- These RSUs will vest upon the earlier of May 15, 2026, or the next annual shareowners meeting.
- Johnson has elected to defer settlement of vested RSUs until the first to occur of May 15, 2031, or the termination of her service as a director.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. A director increasing their stake in the company is generally a good sign, but the transaction is relatively small and part of a standard compensation package.
Positives
- Director's increased stake in the company may signal confidence in Sylvamo Corp's future performance.
Future Outlook
The director's deferred settlement of RSUs until 2031 suggests a long-term commitment to the company.
Industry Context
Director stock ownership is a common practice and is generally viewed positively by investors.
Stakeholder Impact
- The increased stake of a director may positively influence shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 05/15/2025 | Date of transaction: Joia M. Johnson acquired 2,655 shares of Sylvamo Corp common stock. |
| 05/15/2026 | RSUs vest on the earlier of this date or the next annual shareowners meeting. |
| 05/15/2031 | Settlement of vested RSUs is deferred until the earlier of this date or termination of director service. |
Keywords
Sylvamo Corp, Director, Stock Acquisition, RSUs, Joia M. Johnson, SLVM, Common Stock
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