Sylvamo (NYSE: SLVM) director granted 10,207 RSUs for 2026-2027 service
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Sylvamo Corp director David D. Petratis corrected a prior insider report to show a grant of 10,207 share units. The amended Form 4 states the award represents 3,876 time-based restricted stock units and 6,331 RSUs taken instead of a cash retainer for board service.
The RSUs convert one-for-one into common stock on the earlier of May 13, 2027, or the next annual shareowners meeting, with settlement deferred until May 13, 2032, or when his board service ends. Following this award, he is reported as holding 37,690 common shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
PETRATIS DAVID D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,207 | $38.70 | $395K |
Holdings After Transaction:
Common Stock — 37,690 shares (Direct, null)
Footnotes (1)
- This Form 4/A amends the Form 4 originally filed on May 19, 2026, to correct the number of shares reported as acquired. The number of shares originally reported was understated due to administrative error. The corrected number of shares acquired is 10,207. The reported securities represent 3,876 time-based restricted stock units ("RSUs") and 6,331 RSUs that the reporting person elected to receive in lieu of a cash retainer. The RSUs will vest one-for-one in common stock on the earlier of May 13, 2027, or the next annual shareowners meeting. The reporting person has elected to defer the settlement of vested RSUs until the first to occur of May 13, 2032, or the termination of his service as a director. The RSUs were granted to the reporting person on May 15, 2026, for service as a director for the 2026-2027 performance year.
Key Figures
RSUs granted: 10,207 units
Grant value per unit: $38.70 per unit
Time-based RSUs: 3,876 units
+4 more
7 metrics
RSUs granted
10,207 units
Restricted stock units granted on May 15, 2026
Grant value per unit
$38.70 per unit
Reported price per share for the RSU award
Time-based RSUs
3,876 units
Part of 2026-2027 director compensation award
RSUs in lieu of cash
6,331 units
Units elected instead of a cash retainer
Common shares after award
37,690 shares
Direct holdings following the reported transaction
RSU vesting date
May 13, 2027
Or earlier at the next annual shareowners meeting
Deferred settlement date
May 13, 2032
Or earlier if board service terminates
Key Terms
restricted stock units, RSUs, Form 4/A, administrative error, +1 more
5 terms
restricted stock units financial
"The reported securities represent 3,876 time-based restricted stock units ("RSUs") and 6,331 RSUs"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"The RSUs will vest one-for-one in common stock on the earlier of May 13, 2027"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Form 4/A regulatory
"This Form 4/A amends the Form 4 originally filed on May 19, 2026"
Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.
administrative error other
"The number of shares originally reported was understated due to administrative error"
cash retainer financial
"RSUs that the reporting person elected to receive in lieu of a cash retainer"
FAQ
What insider transaction did Sylvamo (SLVM) report for director David D. Petratis?
Sylvamo reported that director David D. Petratis received 10,207 restricted stock units as director compensation. The filing corrects an earlier Form 4 that understated the number of units originally reported as acquired for the 2026-2027 board service year.
Why was this Form 4/A amendment filed for Sylvamo (SLVM)?
The Form 4/A was filed to correct the number of shares previously reported as acquired by director David D. Petratis. The original Form 4 understated the award, and the amended filing clarifies that 10,207 restricted stock units were granted.
How are the 10,207 RSUs for Sylvamo (SLVM) director structured?
The 10,207 RSUs consist of 3,876 time-based restricted stock units and 6,331 RSUs taken instead of a cash retainer. Each RSU is designed to vest into one share of Sylvamo common stock upon meeting the stated vesting conditions.
When will the Sylvamo (SLVM) RSUs granted to David D. Petratis vest?
The RSUs will vest one-for-one into common stock on the earlier of May 13, 2027, or the next annual shareowners meeting. This structure ties the vesting schedule directly to his continued service on Sylvamo’s board of directors.
What are David D. Petratis’s reported Sylvamo (SLVM) holdings after this award?
After the corrected award of 10,207 restricted stock units, the filing reports that David D. Petratis directly holds 37,690 shares of Sylvamo common stock. These reported holdings provide context for the scale of the compensation-related equity grant.