Form 4: Sylvamo Corp Executive Rodrigo Davoli Reports Stock Transactions
SEC Form 4 Filing
Rodrigo Davoli, SVP & GM of North America at Sylvamo Corp, reports acquisition and disposal of common stock and restricted stock units.
Summary
- Rodrigo Davoli, a Senior Vice President and General Manager at Sylvamo Corp, filed a Form 4 detailing changes in beneficial ownership.
- On March 1, 2025, Davoli acquired 3,638 time-based restricted stock units (RSUs) and 7,557.4382 performance-based restricted stock units (PSUs).
- Also on March 1, 2025, 3,316.4607 shares were withheld for taxes related to the vesting of RSUs and PSUs at a price of $71.1.
- Following these transactions, Davoli beneficially owns 29,184.6301 shares of Sylvamo Corp common stock.
- The RSUs vest in three equal installments on March 1, 2026, March 1, 2027, and March 1, 2028, contingent upon continued service.
- The PSUs vested and settled on March 1, 2025, based on the achievement of financial performance criteria.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Future Outlook
The RSUs will vest, subject to the reporting person's continued service, one-third on each of March 1, 2026, March 1, 2027, and March 1, 2028.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the executive's holdings and aligns their interests with those of the shareholders.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units (RSUs) and performance-based stock units (PSUs) to incentivize performance and align executive interests with shareholder value.
- Vesting schedules for RSUs typically range from three to five years, similar to the vesting schedule outlined in this filing.
- Tax withholding practices related to vesting of stock awards are standard across publicly traded companies.
Stakeholder Impact
- The disclosure provides 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: Acquisition of RSUs and PSUs, and shares withheld for taxes. |
| 03/01/2026 | First vesting date for one-third of the RSUs. |
| 03/01/2027 | Second vesting date for one-third of the RSUs. |
| 03/01/2028 | Final vesting date for one-third of the RSUs. |
| 03/04/2025 | Date of signature for the Form 4 filing. |
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