Sylvamo director awarded 10,207 share units
Sylvamo Corp director David D. Petratis corrected a prior insider report to show a grant of 10,207 share units.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,207 | $38.70 | $395K |
Footnotes (2)
- F1. 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.
- F2. 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
Key Terms
restricted stock units financial
RSUs financial
Form 4/A regulatory
administrative error other
cash retainer financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Sylvamo (SLVM) report for director David D. Petratis?
Why was this Form 4/A amendment filed for Sylvamo (SLVM)?
How are the 10,207 RSUs for Sylvamo (SLVM) director structured?
When will the Sylvamo (SLVM) RSUs granted to David D. Petratis vest?
What are David D. Petratis’s reported Sylvamo (SLVM) holdings after this award?
AI-generated analysis. How Rhea-AI works. Not financial advice.