Form 4: Sylvamo Corp Executive Vargas Reports Acquisition of Dividend Equivalent Units

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

Summary

• Marcia Vargas, SVP & Chief People Officer of Sylvamo Corp, filed a Form 4 on October 21, 2024, reporting a transaction on October 17, 2024.
• The transaction involved the acquisition of 75.9389 dividend equivalent units (DEUs) at a price of $86.97.
• These DEUs are accrued on restricted stock units (RSUs) previously granted to Vargas and will vest and be settled under the same terms as the original RSUs.
• Each DEU represents the right to receive one share of Sylvamo Corporation common stock upon vesting.
• Following the reported transaction, Vargas directly owns 162.3274 dividend equivalent units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to insider transactions, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it relates to executive compensation.

Key Dates