Form 4: Sylvamo Corp Director Jonathan Paul Rollinson Acquires Shares and RSUs
SEC Form 4 Filing
Director Jonathan Paul Rollinson acquired 3,202 shares of Sylvamo Corp common stock and received restricted stock units (RSUs) on May 16, 2024.
Summary
- On May 16, 2024, Jonathan Paul Rollinson, a director of Sylvamo Corp, acquired 3,202 shares of common stock at a price of $70.28 per share.
- Rollinson also received 1,779 time-based restricted stock units (RSUs) and 1,423 RSUs in lieu of a cash retainer.
- These RSUs will vest one-for-one in common stock on May 16, 2025, or the next annual shareowners meeting.
- Rollinson has deferred the settlement of vested RSUs until the earlier of May 16, 2030, or the termination of his service as a director.
- Following these transactions, Rollinson beneficially owns 18,383 shares of Sylvamo Corp common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports routine transactions. The director's acquisition could be seen as slightly positive, but it's not a major event.
Positives
- Director's acquisition of shares may signal confidence in the company's future prospects.
Future Outlook
The document does not contain specific forward-looking statements regarding the company's future performance.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions, providing transparency to investors regarding the actions of company directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
- The director's increased stake could align his interests more closely with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| July 22, 2021 | Power of Attorney executed by Jonathan Paul Rollinson. |
| May 16, 2024 | Date of transaction: acquisition of shares and grant of RSUs. |
| May 16, 2025 | Vesting date for the RSUs. |
| May 16, 2030 | Deferred settlement date for vested RSUs, unless service as director terminates earlier. |
| May 20, 2024 | Date of signature by attorney in fact for J. Paul Rollinson. |
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