Form 4: Sylvamo Corp Executive Gregory C. Gibson Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Gregory C. Gibson, SVP of Commercial Excellence at Sylvamo Corp, reports disposing of shares to cover tax obligations related to vesting of Restricted Stock Units (RSUs).
Summary
- Gregory C. Gibson, a Senior Vice President at Sylvamo Corp, filed a Form 4 with the SEC.
- The filing reports a transaction on March 1, 2024, where shares of common stock were disposed of to cover tax obligations.
- A total of 2,869.61 shares were disposed of at a price of $60.41 per share.
- Following the transaction, Gibson beneficially owns 46,701.0228 shares of Sylvamo Corp common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it's neutral in sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC when company insiders, like officers and directors, trade in their company's stock. This filing indicates a standard transaction related to tax obligations from vested equity.
Stakeholder Impact
- The transaction has minimal impact on stakeholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock disposal for tax withholding. |
| 03/05/2024 | Date of Form 4 filing. |
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