Sylvamo (SLVM) CFO Devlin receives RSU grant and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
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
2 transactions reported
Mixed
2 txns
Insider
Devlin Donald P.
Role
SVP Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,191 | $0.00 | -- |
| Tax Withholding | Common Stock | 768.829 | $46.30 | $36K |
Holdings After Transaction:
Common Stock — 29,756 shares (Direct)
Footnotes (1)
- 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. 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?
Donald P. Devlin reported receiving 11,191 restricted stock units and a related tax-withholding share disposition. The RSUs settle in common stock upon vesting, while 768.8289 shares were withheld to cover taxes, leaving him with 28,987.1711 shares directly owned afterward.
How do the new restricted stock units for Sylvamo (SLVM) CFO vest?
The 11,191 restricted stock units vest in three equal installments over three years. One-third vests on March 1, 2027, another third on March 1, 2028, and the final third on March 1, 2029, conditioned on continued service and certain accelerated vesting events.
What conditions could accelerate vesting of Sylvamo (SLVM) CFO’s RSUs?
Vesting may accelerate on a prorated basis in certain events. These include qualifying employment termination with severance rights, a business divestiture, or termination due to death, disability, or retirement, all subject to the specific terms and conditions of the restricted stock unit award.