Form 4: Sylvamo Corp Executive Peggy Maes Reports Dividend Equivalent Units Acquisition

Peggy Maes, SVP & Chief People Officer of Sylvamo Corp, reports the acquisition of dividend equivalent units related to previously granted restricted stock units.

Summary

• Peggy Maes, SVP & Chief People Officer at Sylvamo Corp, filed a Form 4 on May 1, 2024, reporting a transaction on April 29, 2024.
• The transaction involved the acquisition of 36.9298 dividend equivalent units (DEUs) at a price of $62.55.
• These DEUs are accrued on previously granted restricted stock units (RSUs) and will vest and be settled under the same terms as the original RSUs.
• Following the reported transaction, Maes beneficially owns 379.346 derivative securities.
• Each DEU represents the right to receive one share of Sylvamo Corporation common stock, subject to vesting.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing, indicating routine executive compensation adjustments. It doesn't suggest any significant positive or negative sentiment, but rather a neutral procedural update.

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 compliance for corporate insiders, providing transparency into their transactions in company stock and related derivatives.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation.

Key Dates