Sylvamo (SLVM) CFO granted 167 dividend-equivalent units tied to RSUs

Rhea-AI Filing Summary

Sylvamo Corporation’s Senior Vice President and Chief Financial Officer, Donald P. Devlin, reported an automatic award of dividend equivalent units tied to prior equity grants. On January 23, 2026, he acquired 166.9482 dividend equivalent units at a reference price of $51.05 per unit, bringing his reported holdings of these derivative units to 541.2955.

The filing explains that these dividend equivalent units were accrued on previously granted restricted stock units. They will vest and settle on the same terms as the original restricted stock units, and each unit represents the right to receive, subject to vesting, one share of Sylvamo common stock.

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

OMB Number:			3235-0287
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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^*

Devlin Donald P.

(Last) (First) (Middle)

C/O SYLVAMO CORPORATION

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 Chief Financial Officer

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		166.9482		(1)	(1)	Common Stock	166.9482	$51.05	541.2955	D

Explanation of Responses:

1. Consists of dividend equivalent units ("DEUs") accrued on restricted stock units ("RSUs") previously granted to the Reporting Person. 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 Donald P. Devlin	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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Sylvamo (SLVM) report for its CFO?

Sylvamo’s SVP Chief Financial Officer, Donald P. Devlin, reported acquiring 166.9482 dividend equivalent units on January 23, 2026, linked to prior restricted stock unit awards.

What are the terms of the dividend equivalent units reported by Sylvamo (SLVM) CFO?

The filing states the units are dividend equivalent units accrued on restricted stock units and will vest and be settled on the same terms and conditions as the original restricted stock units.

How many derivative units does the Sylvamo (SLVM) CFO hold after this transaction?

Following the reported transaction, Donald P. Devlin is shown as beneficially owning 541.2955 dividend equivalent units, held in direct form.

Does each dividend equivalent unit reported by Sylvamo (SLVM) CFO correspond to common stock?

Yes. The filing notes that each dividend equivalent unit represents the right to receive, subject to vesting, one share of Sylvamo Corporation common stock.

What was the reference price for the Sylvamo (SLVM) CFO’s dividend equivalent units?

The transaction reports a price of $51.05 per dividend equivalent unit for the 166.9482 units acquired on January 23, 2026.

Is the Sylvamo (SLVM) CFO’s Form 4 transaction a purchase or a grant?

The Form 4 codes the transaction as "A" for acquired and explains it consists of dividend equivalent units accrued on previously granted restricted stock units, rather than an open-market share purchase.