Sylvamo (SLVM) director receives 28.22 dividend units tied to prior RSUs

Rhea-AI Filing Summary

Bruce Lizanne M reported acquisition or exercise transactions in this Form 4 filing.

Sylvamo Corp director Lizanne M. Bruce received an automatic compensation-related award of 28.2209 Dividend Equivalent Units (DEUs) on April 28, 2026. These DEUs were accrued on previously granted restricted stock units (RSUs) and/or deferred stock units (DSUs) in connection with a dividend paid on Sylvamo common stock.

Each DEU represents the right to receive, subject to vesting, one share of Sylvamo common stock and will vest and settle on the same terms as the underlying RSUs or DSUs. Following this grant, Bruce directly holds 282.1069 DEUs under Sylvamo’s Restricted Stock and Deferred Compensation Plan for Non-Employee Directors.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Bruce Lizanne M

Role null

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Units	28.221	$43.57	$1K

Holdings After Transaction: Dividend Equivalent Units — 282.107 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Dividend Equivalent Units granted: 28.2209 units Price per underlying share reference: $43.57 per share Total DEUs after transaction: 282.1069 units +1 more

4 metrics

Dividend Equivalent Units granted 28.2209 units Grant on April 28, 2026 to director Lizanne M. Bruce

Price per underlying share reference $43.57 per share Transaction price per share reported for the DEU grant

Total DEUs after transaction 282.1069 units Director’s total Dividend Equivalent Units following the grant

Conversion or exercise price $0.00 DEUs represent the right to shares with no stated exercise price

Key Terms

Dividend Equivalent Units, restricted stock units, deferred stock units, Restricted Stock and Deferred Compensation Plan for Non-Employee Directors

4 terms

Dividend Equivalent Units financial

"Consists of dividend equivalent units ("DEUs") accrued on restricted stock units"

restricted stock units financial

"accrued on restricted stock units ("RSUs") and/or deferred stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

deferred stock units financial

"RSUs and/or deferred stock units ("DSUs") previously granted to the Reporting Person"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

Restricted Stock and Deferred Compensation Plan for Non-Employee Directors financial

"previously granted to the Reporting Person under the Sylvamo Corporation Restricted Stock and Deferred Compensation Plan for Non-Employee Directors"

Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
hours per response:			0.5

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^*

Bruce Lizanne M

(Last) (First) (Middle)

6077 PRIMACY PARKWAY

(Street)

MEMPHIS TENNESSEE 38119

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/28/2026

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

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

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

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)	04/28/2026		A		28.2209		(1)	(1)	Common Stock	28.2209	$43.57	282.1069	D

Explanation of Responses:

1. 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.

Remarks:

	/s/ Maria St. John Daugherty, attorney in fact for Lizanne M. Bruce	04/30/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Sylvamo (SLVM) report for Lizanne M. Bruce?

Sylvamo reported that director Lizanne M. Bruce acquired 28.2209 Dividend Equivalent Units (DEUs) on April 28, 2026. The DEUs were automatically credited as part of director compensation in connection with a dividend on Sylvamo common stock.

What are Dividend Equivalent Units (DEUs) in the Sylvamo (SLVM) Form 4?

Dividend Equivalent Units are bookkeeping units that mirror dividends on underlying equity awards. For Sylvamo, each DEU represents the right to receive, subject to vesting, one share of common stock, linked to previously granted RSUs or DSUs for the director.

How many Dividend Equivalent Units does the Sylvamo (SLVM) director hold after this transaction?

After this grant, director Lizanne M. Bruce holds a total of 282.1069 Dividend Equivalent Units. These DEUs are tied to prior RSU and DSU awards and follow the same vesting and settlement terms as those original equity grants.

Was the Sylvamo (SLVM) Form 4 transaction an open‑market buy or sell?

No, the transaction was not an open‑market trade. It is coded “A” for a grant, award, or other acquisition, reflecting automatic crediting of 28.2209 DEUs as part of the director’s equity-based compensation, rather than a market purchase or sale.

How do the Sylvamo (SLVM) DEUs for the director vest and settle?

The DEUs will vest and be settled on the same terms and conditions as the original RSUs or DSUs to which they relate. Once vested, each DEU entitles the director to receive one share of Sylvamo common stock, according to the plan.