Form 4: Sylvamo Corp Director Mark Wilde Reports Acquisition of Dividend Equivalent Units
SEC Form 4
Director Mark Wilde reports the acquisition of dividend equivalent units related to previously granted stock units.
Summary
- On October 17, 2024, Mark Wilde, a director of Sylvamo Corp, acquired 9.2594 dividend equivalent units (DEUs).
- These DEUs are related to restricted stock units (RSUs) and/or deferred stock units (DSUs) previously granted under the Sylvamo Corporation Restricted Stock and Deferred Compensation Plan for Non-Employee Directors.
- The DEUs accrued in connection with a dividend paid on Sylvamo Corporation common stock.
- Each DEU represents the right to receive, subject to vesting, one share of Sylvamo Corporation common stock.
- The price of the dividend equivalent units is $86.97.
- Following the transaction, Wilde directly owns 107.8956 DEUs.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to dividend accrual on existing stock units, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and are common across all publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 10/17/2024 | Date of transaction: Mark Wilde acquired dividend equivalent units. |
| 10/21/2024 | Date of signature: St. John Daugherty, attorney in fact for Mark Wilde, signed the report. |
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