Sylvamo CFO reports RSU grant and tax share withholding
Sylvamo Corp Senior Vice President and Chief Financial Officer Donald P. Devlin reported equity compensation activity in the company’s common stock.
Rhea-AI Filing Summary
Sylvamo Corp Senior Vice President and Chief Financial Officer Donald P. Devlin reported equity compensation activity in the company’s common stock. He received a grant of 11,191 time-based restricted stock units that settle one-for-one in common shares, vesting in three equal installments on March 1 of 2027, 2028, and 2029, subject to continued service and certain accelerated vesting conditions. In a related tax-withholding transaction tied to vesting RSUs, 768.8289 shares were withheld at a price of $46.30 per share, leaving him with 28,987.1711 shares held directly after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,191 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 768.8289 | $46.30 | $36K |
Footnotes (2)
- F1. 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 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.
- F2. Represents shares withheld for taxes in connection with vesting of RSUs, rounded to four decimal places. The deemed disposition of the withheld shares is exempt pursuant to Rule 16b-3(e).
FAQ
What insider transactions did Sylvamo (SLVM) CFO Donald P. Devlin report?
How do the new restricted stock units for Sylvamo (SLVM) CFO vest?
What conditions could accelerate vesting of Sylvamo (SLVM) CFO’s RSUs?
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