Form 4: Sylvamo Corp Director Jonathan Paul Rollinson Reports Acquisition of Deferred Stock Units

Director Jonathan Paul Rollinson reports acquisition of deferred stock units in Sylvamo Corp due to dividend declaration.

Summary

• On July 29, 2024, Jonathan Paul Rollinson, a director of Sylvamo Corp, acquired 94.053 deferred stock units (DSUs) due to a dividend declared on shares of Sylvamo Corporation common stock.
• 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.
• The DSUs will settle either five or ten years after the applicable Performance Year, or in January following the year Rollinson terminates service as a director, based on his election.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to director compensation, and doesn't inherently indicate positive or negative sentiment.

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

This is a standard Form 4 filing, reflecting a change in beneficial ownership by a company insider due to dividend accrual in the form of deferred stock units. It's a common practice for director compensation.

Stakeholder Impact

• The acquisition of deferred stock units by a director has a minor impact on shareholders, as it reflects a change in ownership structure.

Key Dates