John V. Sims - Oct 15, 2021 Form 4 Insider Report for Sylvamo Corp (SLVM)

Signature
/s/ Erin Raccah, attorney in fact for John V. Sims
Stock symbol
SLVM
Transactions as of
Oct 15, 2021
Transactions value $
$0
Form type
4
Date filed
10/19/2021, 02:39 PM
Previous filing
Sep 16, 2021
Next filing
Nov 12, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLVM Common Stock Award $0 +46.9K +4359.63% $0.00 47.9K Oct 15, 2021 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units (units) reported were awarded to the insider under the Sylvamo Corporation 2021 Incentive Compensation Plan as a replacement for performance share units forfeited by the insider under the International Paper Performance Share Plan as a result of the spinoff of International Paper's global papers business to create Sylvamo Corporation. Each unit represents the right, subject to vesting, to receive one share of Sylvamo common stock. The units will vest as follows: (i) 33% on March 1, 2022; (ii) 33% on March 1, 2023; and (iii) 33% on March 1, 2024.
F2 Consists of: (i) the 46,866 units described in footnote (1) and (ii) 1,075 shares of Sylvamo common stock acquired in connection with the distribution of Sylvamo Corporation shares to all holders of International Paper stock on October 1, 2021, upon the spinoff of International Paper's global papers business to create Sylvamo Corporation.