Form 4: Sylvamo Corp Executive Kevin W. Ferguson Reports Stock Transactions
SEC Form 4 Filing
VP, Controller, and Chief Accounting Officer of Sylvamo Corp, Kevin W. Ferguson, reports acquisition and disposal of common stock and restricted stock units.
Summary
- On March 1, 2025, Kevin W. Ferguson, VP, Controller, and Chief Accounting Officer of Sylvamo Corp, reported transactions involving the company's common stock.
- Ferguson acquired 1,455 time-based restricted stock units (RSUs) and 4,239.7198 performance-based restricted stock units (PSUs) that vested and settled one-for-one in common stock.
- He also disposed of 1,558.6624 shares to cover taxes related to the vesting of RSUs and PSUs at a price of $71.1 per share.
- Following these transactions, Ferguson beneficially owns 9,613.2837 shares of Sylvamo Corp common stock and unvested RSUs.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, reflecting standard executive compensation practices.
Future Outlook
The time-based RSUs will vest in three equal installments on March 1, 2026, March 1, 2027, and March 1, 2028, subject to continued service.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding insider activity.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 02/22/2022 | PSUs were granted under the issuer's long-term incentive plan. |
| 03/01/2025 | Date of earliest transaction; PSUs vested and settled one-for-one in common stock; RSUs acquired; shares withheld for taxes. |
| 03/01/2026 | First vesting date for one-third of the time-based RSUs. |
| 03/01/2027 | Second vesting date for one-third of the time-based RSUs. |
| 03/01/2028 | Final vesting date for one-third of the time-based RSUs. |
| 03/04/2025 | Date of signature for the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.