Sylvamo (SLVM) SVP Davoli gains 204 dividend units tied to RSUs

Rhea-AI Filing Summary

Sylvamo Corp senior executive Rodrigo Davoli reported an automatic increase in derivative equity units linked to his prior stock awards. On January 23, 2026, he acquired 204.3678 dividend equivalent units (DEUs) at a reference price of $51.05 per unit, bringing his directly held DEU balance to 1,139.0389.

The DEUs accrued on previously granted restricted stock units and reflect Sylvamo Corporation’s dividend paid on January 23, 2026 plus an adjustment correcting an administrative error. Each DEU represents the right, subject to vesting, to receive one share of Sylvamo common stock on the same terms and schedule as the underlying restricted stock units.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Davoli Rodrigo

(Last) (First) (Middle)

6077 PRIMACY PARKWAY

(Street)

MEMPHIS TN 38119

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Sylvamo Corp [ SLVM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & GM, North America

3. Date of Earliest Transaction (Month/Day/Year)
01/23/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Dividend Equivalent Units	(1)	01/23/2026		A		204.3678		(1)	(1)	Common Stock	204.3678	$51.05	1,139.0389	D

Explanation of Responses:

1. Consists of dividend equivalent units ("DEUs") accrued on restricted stock units ("RSUs") previously granted to the Reporting Person; includes DEUs credited with respect to Sylvamo Corporation's dividend paid on January 23, 2026, and DEUs credited on January 23, 2026, to correct an administrative error. The DEUs will vest and be settled on the same terms and conditions as the original RSUs 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.

Remarks:

	/s/ Maria St. John Daugherty, attorney in fact for Rodrigo Davoli	01/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transaction did Sylvamo (SLVM) report for Rodrigo Davoli?

The filing shows that SVP & GM, North America Rodrigo Davoli acquired 204.3678 dividend equivalent units (DEUs) on January 23, 2026, tied to his existing restricted stock units.

How many Sylvamo dividend equivalent units does Rodrigo Davoli hold after this Form 4?

Following the reported transaction, Rodrigo Davoli directly beneficially owns 1,139.0389 dividend equivalent units linked to Sylvamo common stock.

What are dividend equivalent units (DEUs) in the Sylvamo (SLVM) Form 4?

According to the disclosure, each DEU is accrued on existing restricted stock units, reflects credited dividends and an administrative correction, and represents the right, subject to vesting, to receive one share of Sylvamo common stock on the same terms as the original RSUs.

Was the Sylvamo insider transaction a purchase or a sale?

The Form 4 reports an acquisition (Code A) of 204.3678 dividend equivalent units; there were no sales reported in this filing.

Is the Sylvamo (SLVM) Form 4 transaction a routine equity award adjustment?

The explanation states that the DEUs were credited in connection with Sylvamo’s dividend paid on January 23, 2026 and to correct an administrative error, and that they follow the same vesting and settlement terms as the related restricted stock units.

Does each dividend equivalent unit in this Sylvamo filing convert into common stock?

The disclosure states that each DEU represents the right to receive, subject to vesting, one share of Sylvamo Corporation common stock and will vest and settle on the same terms as the original restricted stock units.