SLVM.NYSESylvamo CORP

Form 4: Sylvamo Corp Executive John V. Sims Reports Stock Transactions

Sentiment:

SEC Form 4

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John V. Sims, SVP & Chief Financial Officer of Sylvamo Corp, reports the acquisition and disposal of common stock and restricted stock units.

Summary

  • On March 1, 2024, John V. Sims, SVP & Chief Financial Officer of Sylvamo Corp, reported transactions involving the company's common stock.
  • Shares were withheld for taxes in connection with the vesting of Restricted Stock Units (RSUs), resulting in a disposition of 7,977.31 shares at a price of $60.41.
  • Sims also acquired 8,886 shares of common stock related to time-based RSUs that vest over three years.
  • Following these transactions, Sims beneficially owns 69,389.8927 shares of Sylvamo Corp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects routine stock transactions related to executive compensation. There is no indication of positive or negative sentiment towards the company's performance.

Positives

  • The acquisition of 8,886 shares through RSU vesting indicates confidence in the company's future performance.

Future Outlook

The RSUs will vest over a three-year period, contingent on the reporting person's continued service with the company.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies.

Key Dates

DateDescription
03/01/2024Date of stock transactions (disposal and acquisition of shares).
03/01/2025First vesting date for one-third of the reported RSUs.
03/01/2026Second vesting date for one-third of the reported RSUs.
03/01/2027Final vesting date for one-third of the reported RSUs.
03/05/2024Date of signature for the Form 4 filing.

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