Christine S. Breves - Oct 17, 2024 Form 4 Insider Report for Sylvamo Corp (SLVM)

Role: Director
Signature: St. John Daugherty, attorney in fact for Christine S. Breves
Stock symbol: SLVM
Transactions as of: Oct 17, 2024
Transactions value $: $3,292
Form type: 4
Date filed: 10/21/2024, 01:49 PM
Previous filing: Oct 3, 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	$2.49K	+28.6	+14.96%	$86.97	220	Oct 17, 2024	Common Stock	28.6		Direct	F1
transaction	SLVM	Dividend Equivalent Units	Award	$805	+9.26	+11.03%	$86.97	93.2	Oct 17, 2024	Common Stock	9.26		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.

Content

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.

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.