Thomas A. Cleves - Mar 1, 2024 Form 4 Insider Report for Sylvamo Corp (SLVM)

Role: SVP, Corporate Affairs
Signature: /s/ St. John Daugherty, attorney in fact for Thomas A. Cleves
Stock symbol: SLVM
Transactions as of: Mar 1, 2024
Transactions value $: -$160,151
Form type: 4
Date filed: 3/5/2024, 04:42 PM
Previous filing: Jan 29, 2024
Next filing: May 1, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SLVM	Common Stock	Tax liability	-$160K	-2.65K	-5.03%	$60.41	50.1K	Mar 1, 2024	Direct	F1
transaction	SLVM	Common Stock	Award	$0	+3.42K	+6.82%	$0.00	53.5K	Mar 1, 2024	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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).
F2	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, 2025, March 1, 2026, and March 1, 2027. Accelerated vesting of a prorated number of the RSUs would occur, based upon length of service during the RSU vesting period and subject to the RSU award terms and conditions, upon employment termination resulting in severance rights, resulting from a business divestiture, or due to death, disability or retirement.

Content

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).

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, 2025, March 1, 2026, and March 1, 2027. Accelerated vesting of a prorated number of the RSUs would occur, based upon length of service during the RSU vesting period and subject to the RSU award terms and conditions, upon employment termination resulting in severance rights, resulting from a business divestiture, or due to death, disability or retirement.