Equity awards for Sylvamo (SLVM) SVP include RSUs, PSUs and tax share withholding
Rhea-AI Filing Summary
Sylvamo Corp senior executive Matthew Barron reported equity compensation awards and related tax withholding in common stock. On March 1, 2026, he acquired 8,868 time-based restricted stock units (RSUs) that settle one-for-one in common stock, vesting in three equal installments on March 1, 2027, March 1, 2028, and March 1, 2029, subject to continued service. He also acquired 7,853.9926 performance-based restricted stock units (PSUs) that vested and settled one-for-one in common stock on March 1, 2026 under the company’s long‑term incentive plan, after achievement of financial performance criteria. In connection with the RSU and PSU vesting, 3,478.5954 shares were withheld at $46.30 per share to cover taxes, classified as a tax‑withholding disposition rather than an open‑market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,868 | $0.00 | -- |
| Grant/Award | Common Stock | 7,853.993 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,478.595 | $46.30 | $161K |
Footnotes (1)
- The reported securities represent time-based restricted stock units ("RSUs") that settle one-for-one in common stock upon vesting. The RSUs will vest, subject to the reporting person's continued service, one third on each of March 1, 2027, March 1, 2028, and March 1, 2029. Accelerated vesting of a prorated number of the RSUs would occur, based upon length of service during the RSU vesting period and subject to the RSU award terms and conditions, upon employment termination resulting in severance rights, resulting from a business divestiture, or due to death, disability or retirement. The reported securities represent performance-based restricted stock units ("PSUs") that vested and settled one-for-one in common stock on March 1, 2026, rounded to four decimal places. The PSUs were granted on March 1, 2023 under the issuer's long-term incentive plan, with vesting contingent upon the achievement of financial performance criteria. Represents shares withheld for taxes in connection with vesting of RSUs and PSUs, rounded to four decimal places. The deemed disposition of the withheld shares is exempt pursuant to Rule 16b-3(e).