Jeanmarie F. Desmond - Oct 17, 2023 Form 4 Insider Report for Sylvamo Corp (SLVM)

Role
Director
Signature
/s/Erin Raccah, attorney in fact for Jeanmarie F. Desmond
Stock symbol
SLVM
Transactions as of
Oct 17, 2023
Transactions value $
$0
Form type
4
Date filed
10/19/2023, 03:51 PM
Previous filing
Sep 13, 2023
Next filing
Jan 29, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SLVM Deferred Stock Units Award $0 +39.5 +251.09% $0.00 55.2 Oct 17, 2023 Common Stock 39.5 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of deferred stock units ("DSUs") granted to the reporting person under the Sylvamo Corporation Restricted Stock and Deferred Compensation Plan for Non-Employee Directors (the "Plan") in connection with a dividend declared on shares of Sylvamo Corporation common stock. Each DSU is the economic equivalent of one share of Sylvamo Corporation common stock. Under the Plan, the DSUs settle according to the reporting person's election of either five (5) or ten (10) years upon the last day of the applicable Performance Year (as defined in the Plan), or if earlier, January of the next calendar year following the year in which the reporting person terminates service as a director. The number of DSUs has been rounded to 4 decimal points.