Form 4: Sylvamo Corp Director Mark Wilde Reports Acquisition of Dividend Equivalent Units

Director Mark Wilde reports acquisition of dividend equivalent units related to previously granted restricted stock units.

Summary

• On April 29, 2024, Mark Wilde, a director of Sylvamo Corp, acquired 14.5637 dividend equivalent units (DEUs) related to previously granted restricted stock units (RSUs).
• These DEUs were accrued under the Sylvamo Corporation Restricted Stock and Deferred Compensation Plan for Non-Employee Directors.
• The DEUs are connected to a dividend paid on Sylvamo Corporation common stock.
• Each DEU represents the right to receive one share of Sylvamo Corporation common stock, subject to vesting.
• The price of the dividend is $62.55.
• Following the transaction, Wilde directly owns 88.1026 DEUs.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (acquisition of dividend equivalent units) related to executive compensation. It's a neutral event with no apparent positive or negative implications for the company's financial health or future prospects.

Future Outlook

The DEUs will vest and be settled on the same terms and conditions as the original RSUs to which they relate.

Industry Context

This is a standard Form 4 filing, reflecting changes in beneficial ownership by a company insider. Such filings are common and provide transparency to the market regarding insider transactions.

Key Dates