Form 4: Sylvamo Corp Director Stanley A. Askren Reports Acquisition of Deferred Stock Units

Director Stanley A. Askren reports the acquisition of deferred stock units in Sylvamo Corp due to a dividend declaration.

Summary

• On October 17, 2024, Stanley A. Askren, a director of Sylvamo Corp, acquired 64.8166 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 directly owns 519.7142 shares.
• The price of the derivative security is $86.97.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly 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 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

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The acquisition of DSUs by a director can be viewed positively by shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates