Sylvamo (SLVM) director Petratis receives 258 deferred stock units
Rhea-AI Filing Summary
Sylvamo Corp director David D. Petratis reported an automatic award of additional deferred stock-based compensation. On 01/23/2026, he acquired 258.4883 deferred stock units at a reference price of $51.05 per unit, bringing his total beneficially owned deferred stock units to 2,099.5455, all held directly.
The new units are dividend equivalent units, which were accrued on previously granted restricted stock units or deferred stock units under Sylvamo’s Restricted Stock and Deferred Compensation Plan for Non-Employee Directors. These units vest and settle on the same schedule and terms as the original awards, and each unit represents the right, subject to vesting, to receive one share of Sylvamo common stock.
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FAQ
What insider transaction did Sylvamo (SLVM) director David D. Petratis report?
Director David D. Petratis reported an acquisition of 258.4883 deferred stock units on 01/23/2026. These units were granted as dividend equivalent units tied to earlier equity awards under Sylvamo’s non-employee director plan.
How many deferred stock units does David D. Petratis now hold in Sylvamo (SLVM)?
After the 01/23/2026 transaction, David D. Petratis beneficially owns 2,099.5455 deferred stock units in Sylvamo Corp, held directly.
What are dividend equivalent units (DEUs) in the Sylvamo (SLVM) director plan?
Dividend equivalent units (DEUs) are additional deferred stock units credited in connection with dividends paid on Sylvamo common stock. For this grant, each DEU represents the right, subject to vesting, to receive one share of Sylvamo common stock.
Do the new Sylvamo (SLVM) units for David D. Petratis vest immediately?
No. The DEUs awarded to David D. Petratis will vest and be settled on the same terms and conditions as the original restricted stock units or deferred stock units to which they relate.
Is this Sylvamo (SLVM) Form 4 a purchase or an automatic accrual for the director?
The Form 4 reflects an automatic accrual of dividend equivalent deferred stock units under the non-employee director plan, not an open-market purchase or sale.
What price reference is used for the Sylvamo (SLVM) deferred stock units granted to the director?
The 258.4883 deferred stock units reported for David D. Petratis carry a transaction price reference of $51.05 per unit, as shown in the filing.