Sylvamo CFO awarded 281.26 dividend units
Devlin Donald P. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Devlin Donald P. reported acquisition or exercise transactions in this Form 4 filing.
Sylvamo Corp reported that its SVP and Chief Financial Officer, Donald P. Devlin, received a grant of 281.2626 Dividend Equivalent Units (DEUs) on common stock. These DEUs accrued on previously granted restricted stock units and will vest and settle on the same terms as the original RSUs.
Each DEU represents the right to receive, subject to vesting, one share of Sylvamo common stock. Following this grant, Devlin directly holds a total of 822.5581 DEUs, reflecting routine compensation-related equity accrual rather than an open-market transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Units | 281.2626 | $43.57 | $12K |
Footnotes (1)
- F1. 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.
Key Figures
Key Terms
Dividend Equivalent Units financial
restricted stock units financial
vest and be settled financial
common stock financial
grant, award, or other acquisition financial
FAQ
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