Sylvamo director granted deferred stock units
Sylvamo Corp director Jeanmarie F. Desmond received additional equity-based compensation in the form of dividend equivalents.
Rhea-AI Filing Summary
Sylvamo Corp director Jeanmarie F. Desmond received additional equity-based compensation in the form of dividend equivalents. On this Form 4, she acquired 80.8092 deferred stock units tied to Sylvamo common stock, credited at a reference price of $43.57 per unit. These units are dividend equivalent units accrued on previously granted restricted stock units and/or deferred stock units under Sylvamo’s Restricted Stock and Deferred Compensation Plan for Non-Employee Directors. Each new unit represents the right, subject to vesting, to receive one share of common stock, bringing her total deferred stock unit balance to 507.9307 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 80.8092 | $43.57 | $4K |
Footnotes (1)
- F1. 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.
Key Figures
Key Terms
Deferred Stock Units financial
dividend equivalent units financial
restricted stock units financial
Deferred Compensation Plan for Non-Employee Directors financial
vesting financial
FAQ
What insider transaction did Sylvamo (SLVM) report for Jeanmarie F. Desmond?
What are dividend equivalent units (DEUs) in Sylvamo’s (SLVM) director compensation?
How many deferred stock units does Jeanmarie F. Desmond hold after this Sylvamo (SLVM) filing?
What does transaction code “A” mean in this Sylvamo (SLVM) Form 4?
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