Sylvamo Corp (NYSE: SLVM) director gains dividend equivalent units
Rhea-AI Filing Summary
Bruce Lizanne M reported acquisition or exercise transactions in this Form 4 filing.
Sylvamo Corp director Lizanne M Bruce reported an automatic grant of 44.815 Dividend Equivalent Units linked to previously awarded RSUs/DSUs under Sylvamo’s Restricted Stock and Deferred Compensation Plan for Non-Employee Directors, in connection with a common-stock dividend. These units vest and settle on the same terms as the underlying awards, resulting in 326.9219 Dividend Equivalent Units now held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bruce Lizanne M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Units F1 | 44.815 | $38.92 | $2K |
Holdings After Transaction:
Dividend Equivalent Units — 326.9219 shares (Direct)
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
Dividend Equivalent Units granted: 44.8150 units
Price reference per unit: 38.9200
Dividend Equivalent Units after transaction: 326.9219 units
+1 more
4 metrics
Dividend Equivalent Units granted
44.8150 units
Grant of DEUs accrued in connection with a dividend on common stock
Price reference per unit
38.9200
Reported transaction price per Dividend Equivalent Unit, footnote-qualified
Dividend Equivalent Units after transaction
326.9219 units
Total DEUs directly held by the director following the grant
Underlying common shares per DEU
1 share
Each DEU represents the right to receive one share of common stock, subject to vesting
Key Terms
Dividend Equivalent Units, restricted stock units, deferred stock units, Sylvamo Corporation 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"
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
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
"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.
Sylvamo Corporation 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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Sylvamo (SLVM) director Lizanne M Bruce report?
Director Lizanne M Bruce reported an automatic grant of 44.815 Dividend Equivalent Units tied to existing RSUs/DSUs under Sylvamo’s non-employee director plan, accrued in connection with a dividend on Sylvamo common stock.
How many dividend equivalent units does the Sylvamo (SLVM) director hold after this Form 4?
After this grant, Lizanne M Bruce holds 326.9219 Dividend Equivalent Units. These units mirror the vesting and settlement terms of the original RSUs or DSUs and each represents the right to receive one share of Sylvamo common stock upon vesting.
What are Dividend Equivalent Units in the Sylvamo (SLVM) non-employee director plan?
Dividend Equivalent Units, or DEUs, are credits accrued on RSUs/DSUs when Sylvamo pays dividends on its common stock. Each DEU, subject to vesting, represents the right to receive one share of Sylvamo common stock, matching the terms of the underlying award.
Were the reported Sylvamo (SLVM) Dividend Equivalent Units purchased on the open market?
The 44.815 Dividend Equivalent Units were not open-market purchases. They accrued automatically on previously granted RSUs/DSUs under Sylvamo’s director plan in connection with a dividend, and are reported as a grant or award acquisition.
How do the new Dividend Equivalent Units for Sylvamo (SLVM) vest and settle?
The new DEUs will vest and be settled on the same terms and conditions as the original RSUs or DSUs to which they relate, meaning timing and conditions follow the underlying awards rather than creating a separate vesting schedule.