Christine S. Breves - Jul 29, 2024 Form 4 Insider Report for Sylvamo Corp (SLVM)

Role
Director
Signature
Erin Raccah, attorney in fact for Christine S. Breves
Stock symbol
SLVM
Transactions as of
Jul 29, 2024
Transactions value $
$3,272
Form type
4
Date filed
7/31/2024, 03:49 PM
Previous filing
Jul 3, 2024
Next filing
Aug 20, 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 $2.47K +32.5 +20.51% $76.00 191 Jul 29, 2024 Common Stock 32.5 Direct F1
transaction SLVM Dividend Equivalent Units Award $801 +10.5 +14.34% $76.00 84 Jul 29, 2024 Common Stock 10.5 Direct F2
* 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.
F2 Consists of dividend equivalent units ("DEUs") accrued on restricted stock units ("RSUs") and/or deferred stock units ("DSUs") previously granted to the Reporting Person under the Sylvamo Corporation Restricted Stock and Deferred Compensation Plan for Non-Employee Directors ("Plan"), in connection with a dividend paid on shares of Sylvamo Corporation common stock. The DEUs will vest and be settled on the same terms and conditions as the original RSUs or DSUs to which they relate. Each DEU represents the right to receive, subject to vesting, one share of Sylvamo Corporation common stock. The number of DEUs has been rounded to 4 decimal points.