John V. Sims - Mar 1, 2023 Form 4 Insider Report for Sylvamo Corp (SLVM)

Role
SVP & Chief Financial Officer
Signature
/s/ Erin Raccah, attorney in fact for John V. Sims
Stock symbol
SLVM
Transactions as of
Mar 1, 2023
Transactions value $
-$355,857
Form type
4
Date filed
3/3/2023, 01:56 PM
Previous filing
Jan 27, 2023
Next filing
Mar 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLVM Common Stock Award $0 +10.6K +13.59% $0.00 88.5K Mar 1, 2023 Direct F1
transaction SLVM Common Stock Tax liability -$356K -7.21K -8.15% $49.33 81.3K Mar 1, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported securities represent time-based restricted stock units ("RSUs") that settle one-for-one in common stock upon vesting. The RSUs will vest, subject to the reporting person's continued service, one-third on each of March 1, 2024, March 1, 2025, and March 1, 2026.
F2 Represents shares withheld for taxes in connection with vesting of RSUs. The deemed disposition of the withheld shares is exempt pursuant to Rule 16b-3(e).