John V. Sims - Mar 1, 2024 Form 4 Insider Report for Sylvamo Corp (SLVM)

Signature
/s/ St. John Daugherty, attorney in fact for John V. Sims
Stock symbol
SLVM
Transactions as of
Mar 1, 2024
Transactions value $
-$481,909
Form type
4
Date filed
3/5/2024, 04:44 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 -$482K -7.98K -11.65% $60.41 60.5K Mar 1, 2024 Direct F1
transaction SLVM Common Stock Award $0 +8.89K +14.69% $0.00 69.4K 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.