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Sylvamo Corp — Director's Dealing 2021
Oct 19, 2021
31793_dirs_2021-10-19_f4e0c253-ee57-4c90-bb1b-e3ecf2523c26.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Sylvamo Corp (SLVM)
CIK: 0001856485
Period of Report: 2021-10-15
Reporting Person: SIMS JOHN V (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-10-15 | Common Stock | A | 46866.00 | $0.00 | Acquired | 47941.00 | Direct |
Footnotes
F1: The restricted stock units (units) reported were awarded to the insider under the Sylvamo Corporation 2021 Incentive Compensation Plan as a replacement for performance share units forfeited by the insider under the International Paper Performance Share Plan as a result of the spinoff of International Paper's global papers business to create Sylvamo Corporation. Each unit represents the right, subject to vesting, to receive one share of Sylvamo common stock. The units will vest as follows: (i) 33% on March 1, 2022; (ii) 33% on March 1, 2023; and (iii) 33% on March 1, 2024.
F2: Consists of: (i) the 46,866 units described in footnote (1) and (ii) 1,075 shares of Sylvamo common stock acquired in connection with the distribution of Sylvamo Corporation shares to all holders of International Paper stock on October 1, 2021, upon the spinoff of International Paper's global papers business to create Sylvamo Corporation.