Form 4: Sylvamo Corp Executive Patrick Wilczynski Reports Dividend Equivalent Unit Acquisition

Patrick Wilczynski, SVP of Operational Excellence at Sylvamo Corp, reports the acquisition of dividend equivalent units related to previously granted restricted stock units.

Summary

• On April 29, 2024, Patrick Wilczynski, SVP of Operational Excellence at Sylvamo Corp, acquired 38.7691 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 and each DEU represents the right to receive one share of Sylvamo Corporation common stock.
• Following the transaction, Wilczynski directly owns 656.9221 DEUs.
• A power of attorney was executed on August 5, 2021, granting Matthew Barron, Erin Raccah, St. John Daugherty, Vincent Smith and Tina Bailey the authority to execute and file Section 16 forms on Wilczynski's behalf.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The filing reflects standard executive compensation practices and alignment with shareholder interests through equity ownership. There are no indications of negative events or concerns.

Positives

• The acquisition of dividend equivalent units indicates continued alignment of the executive's interests with those of the shareholders.

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

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's securities.

Stakeholder Impact

• The acquisition of dividend equivalent units aligns the executive's interests with those of the shareholders, as the value of the DEUs is tied to the performance of the company's stock.

Key Dates