SLVM.NYSESylvamo CORP

Form 4: Sylvamo Corp Executive Reports Stock Transactions

Sentiment:

SEC Form 4

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Patrick Wilczynski, SVP of Operational Excellence at Sylvamo Corp, reports the acquisition and disposal of common stock and restricted stock units (RSUs) on March 1, 2024.

Summary

  • On March 1, 2024, Patrick Wilczynski, SVP of Operational Excellence at Sylvamo Corp, engaged in transactions involving the company's stock.
  • Wilczynski disposed of 2,331.85 shares of common stock at a price of $60.41 per share to cover taxes related to the vesting of Restricted Stock Units (RSUs).
  • He also acquired 3,633 shares of common stock through the vesting of time-based RSUs.
  • Following these transactions, Wilczynski beneficially owns 27,156.2153 shares of Sylvamo Corp common stock.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive stock transactions. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Future Outlook

The reported RSUs will vest in three tranches on March 1, 2025, March 1, 2026, and March 1, 2027, subject to continued service. Accelerated vesting may occur under specific circumstances.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of company executives.

Stakeholder Impact

  • The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates

DateDescription
03/01/2024Date of stock transactions (disposal and acquisition).
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 Form 4 filing.

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