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

Director Joia M. Johnson reports the acquisition of deferred stock units in Sylvamo Corp due to a dividend declaration.

Summary

• On April 29, 2024, Joia M. Johnson, a director of Sylvamo Corp, acquired 41.7227 deferred stock units (DSUs) due to a dividend declared on shares of Sylvamo Corporation common stock.
• The price of the transaction was $62.55.
• Following the transaction, Johnson beneficially owns 345.8971 DSUs.
• These DSUs were granted under the Sylvamo Corporation Restricted Stock and Deferred Compensation Plan for Non-Employee Directors.
• Each DSU is equivalent to one share of Sylvamo Corporation common stock and will settle either five or ten years after the applicable Performance Year, or in January following termination of service as a director.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard insider activity related to compensation and dividend payouts, indicating alignment of interests.

Positives

• The acquisition of deferred stock units indicates continued alignment of the director's interests with the company's performance.

Future Outlook

The deferred stock units 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

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities, providing investors with insights into the actions of company directors and officers.

Stakeholder Impact

• The acquisition of deferred stock units by a director can reassure shareholders that management's interests are aligned with theirs.

Key Dates