Thomas A. Cleves - Oct 15, 2021 Form 4 Insider Report for Sylvamo Corp (SLVM)

Role: SVP, Corporate Affairs
Signature: /s/ Erin Raccah, attorney in fact for Thomas A. Cleves
Stock symbol: SLVM
Transactions as of: Oct 15, 2021
Transactions value $: $0
Form type: 4
Date filed: 10/19/2021, 02:41 PM
Previous filing: Sep 3, 2021
Next filing: Nov 16, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SLVM	Common Stock	Award	$0	+22.5K	+1917.05%	$0.00	23.7K	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 22,487 units described in footnote (1) and (ii) 1,173 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.

Content

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.

Consists of: (i) the 22,487 units described in footnote (1) and (ii) 1,173 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.