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

Patrick Wilczynski, SVP of Operational Excellence at Sylvamo Corp, reports the acquisition of dividend equivalent units related to previously granted restricted stock units.

Summary

• On October 17, 2024, Patrick Wilczynski, SVP of Operational Excellence at Sylvamo Corp, acquired 42.2744 dividend equivalent units (DEUs).
• These DEUs are accrued on previously granted restricted stock units (RSUs).
• Each DEU represents the right to receive one share of Sylvamo Corporation common stock, subject to vesting under the same terms as the original RSUs.
• Following the transaction, Wilczynski beneficially owns 747.2881 DEUs.
• The price of the derivative security is $86.97.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to executive compensation, with neutral sentiment.

Positives

• The acquisition of dividend equivalent units indicates continued alignment of executive compensation with shareholder returns.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the acquisition of dividend equivalent units, which are a common form of equity compensation.

Stakeholder Impact

• The acquisition of dividend equivalent units aligns executive interests with shareholder returns.

Key Dates