Form 4: Sylvamo Corp Executive Kevin W. Ferguson Reports Acquisition of Dividend Equivalent Units
SEC Form 4
VP, Controller, and Chief Accounting Officer of Sylvamo Corp, Kevin W. Ferguson, reports the acquisition of dividend equivalent units related to previously granted restricted stock units.
Summary
- On April 29, 2024, Kevin W. Ferguson, VP, Controller, and Chief Accounting Officer of Sylvamo Corp, acquired 20.1106 dividend equivalent units (DEUs) related to previously granted restricted stock units (RSUs).
- These DEUs will vest and be settled under the same terms as the original RSUs.
- Each DEU represents the right to receive one share of Sylvamo Corporation common stock upon vesting.
- Following the transaction, Ferguson directly owns 235.9372 dividend equivalent units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, and it doesn't convey any particularly positive or negative sentiment.
Future Outlook
The dividend equivalent units will vest and be settled on the same terms and conditions as the original RSUs to which they relate.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and holdings, and it doesn't necessarily indicate a broader trend in the paper and packaging industry.
Key Dates
| Date | Description |
|---|---|
| 04/29/2024 | Date of transaction: Acquisition of dividend equivalent units |
| 05/01/2024 | Date of signature for the Form 4 filing |
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