| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SLVM | Common Stock | Award | $0 | +18.6K | +1084.36% | $0.00 | 20.3K | Oct 15, 2021 | Direct | F1, F2 |
| holding | SLVM | Common Stock | 595 | Oct 15, 2021 | By Spouse | F3 |
| 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 18,586 units described in footnote (1) and (ii) 1,714 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 (the "Spinoff Distribution"). |
| F3 | Shares acquired in the Spinoff Distribution. |