Form 4: Sylvamo Corp Executive Thomas A. Cleves Reports Acquisition of Dividend Equivalent Units
SEC Form 4
Thomas A. Cleves, SVP of Corporate Affairs at Sylvamo Corp, reports the acquisition of dividend equivalent units related to previously granted restricted stock units.
Summary
- On April 29, 2024, Thomas A. Cleves, SVP of Corporate Affairs at Sylvamo Corp, acquired 37.1466 dividend equivalent units (DEUs).
- These DEUs are associated with previously granted restricted stock units (RSUs) and will vest under the same terms.
- Each DEU represents the right to receive one share of Sylvamo Corporation common stock upon vesting.
- The price of the dividend equivalent units is $62.55.
- Following the transaction, Cleves directly owns 721.7137 DEUs.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices, and has a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and ownership in Sylvamo Corp, and is a standard practice for publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it primarily reflects internal compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 04/29/2024 | Date of transaction: Acquisition of dividend equivalent units |
| 05/01/2024 | Date of signature on the Form 4 filing |
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