Form 4: Sylvamo Corp Executive Rodrigo Davoli Reports Acquisition of Dividend Equivalent Units
SEC Form 4 Filing
Rodrigo Davoli, SVP & GM of North America at Sylvamo Corp, reports the acquisition of dividend equivalent units related to previously granted restricted stock units.
Summary
- Rodrigo Davoli, a Senior Vice President and General Manager at Sylvamo Corp, filed a Form 4.
- The form reports the acquisition of dividend equivalent units (DEUs) on October 17, 2024.
- Davoli acquired 36.5582 DEUs, each representing the right to receive one share of Sylvamo Corporation common stock upon vesting.
- These DEUs are accrued on restricted stock units (RSUs) previously granted to Davoli and will vest under the same terms as the original RSUs.
- Following the transaction, Davoli directly owns 483.3904 DEUs.
- The price of the derivative security is $86.97.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding executive compensation, with neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Key Dates
| Date | Description |
|---|---|
| 10/17/2024 | Date of transaction: Acquisition of dividend equivalent units |
| 10/21/2024 | Date of signature on the Form 4 filing |
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