Form 4: Sylvamo Corp Director Karl L. Meyers Reports Acquisition of Deferred Stock Units

Director Karl L. Meyers reports acquisition of deferred stock units (DSUs) due to dividend declared on Sylvamo Corporation common stock.

Summary

• On July 29, 2024, Karl L. Meyers, a director of Sylvamo Corp, acquired 58.2124 Deferred Stock Units (DSUs) as a result of 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 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 Meyers terminates service as a director.
• Following this transaction, Meyers directly owns 249.6416 DSUs.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating standard corporate governance practices. There is nothing to suggest a negative outlook.

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 Form 4 filing is a routine disclosure related to director compensation and holdings, common in publicly traded companies. It provides transparency to investors regarding the alignment of director interests with shareholder value.

Stakeholder Impact

• The transaction has a minor positive impact on stakeholders as it aligns the director's interests with those of the shareholders.

Key Dates