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 a dividend declared on Sylvamo Corporation common stock.

Summary

• On April 29, 2024, Karl L. Meyers, a director of Sylvamo Corp, acquired 31.6441 deferred stock units (DSUs) as a result of a dividend declared on 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 Meyers terminates service as a director.
• Following the transaction, Meyers directly owns 191.4292 DSUs.

Sentiment

Score: 7

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

Positives

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

Future Outlook

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.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of DSUs by a director can be viewed positively by shareholders as it aligns management's interests with theirs.

Key Dates