Form 4: Sylvamo Corp Director Joia M. Johnson Reports Acquisition of Deferred Stock Units

Director Joia M. Johnson reports acquisition of deferred stock units (DSUs) in Sylvamo Corp due to dividend declaration.

Summary

• On July 29, 2024, Joia M. Johnson, a director of Sylvamo Corp, acquired 62.2889 deferred stock units (DSUs) due to a dividend declared on shares of Sylvamo Corporation common stock.
• The 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 Ms. Johnson terminates service as a director.
• Following the transaction, Ms. Johnson directly owns 408.186 shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and alignment of interests.

Positives

• The acquisition of DSUs reflects continued alignment of the director's interests with those of the shareholders.

Future Outlook

The DSUs will settle according to the reporting person's election of either five (5) or ten (10) years upon the last day of the applicable Performance Year (as defined in the Plan), or if earlier, January of the next calendar year following the year in which the reporting person terminates service as a director.

Industry Context

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

Stakeholder Impact

• The acquisition of DSUs aligns the director's interests with those of the shareholders.

Key Dates