Form 4: Sylvamo Corp Director Stanley A. Askren Acquires Deferred Stock Units
SEC Form 4
Director Stanley A. Askren acquired deferred stock units in Sylvamo Corp due to a dividend declared on common stock.
Summary
- On April 29, 2025, Stanley A. Askren, a director of Sylvamo Corp, acquired 94.1769 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 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 Askren terminates service as a director.
- Following the transaction, Askren beneficially owns 683.733 shares of common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction related to director compensation, indicating alignment with company performance.
Positives
- The acquisition of deferred stock units indicates a continued investment and alignment of interests between the director and the company's performance.
Future Outlook
The deferred stock units will settle either five or ten years after the applicable Performance Year, or in January following the year Askren terminates service as a director, as per the Sylvamo Corporation Restricted Stock and Deferred Compensation Plan for Non-Employee Directors.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions, providing transparency to investors regarding the holdings and transactions of company directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding director compensation and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 04/29/2025 | Date of transaction: Stanley A. Askren acquired deferred stock units. |
| 05/01/2025 | Date of signature on the Form 4 filing. |
Keywords
Sylvamo Corp, Stanley A. Askren, deferred stock units, DSUs, director, dividend, beneficial ownership, Form 4
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