Sylvamo (NYSE: SLVM) SVP reports RSU tax-withholding of 980 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sylvamo Corp senior executive Shawn Lawson reported a routine tax-withholding transaction related to restricted stock units (RSUs). On the event date, 979.9723 shares of common stock were withheld at a deemed price of $39.27 per share to cover taxes triggered by RSU vesting. This disposition was not an open-market sale but a payment of tax liability in shares, which is described as exempt under Rule 16b-3(e). After the withholding, Lawson directly held 16,675.6582 shares of Sylvamo common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lawson Shawn
Role
SVP, General Manager Europe
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 979.972 | $39.27 | $38K |
Holdings After Transaction:
Common Stock — 16,675.658 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 979.9723 shares
Deemed price per share: $39.27 per share
Shares held after transaction: 16,675.6582 shares
3 metrics
Shares withheld for taxes
979.9723 shares
Tax-withholding disposition on RSU vesting
Deemed price per share
$39.27 per share
Value used for tax-withheld shares
Shares held after transaction
16,675.6582 shares
Direct ownership following tax withholding
Key Terms
RSUs, Rule 16b-3(e), tax-withholding disposition
3 terms
RSUs financial
"Represents shares withheld for taxes in connection with vesting of RSUs."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Rule 16b-3(e) regulatory
"The deemed disposition of the withheld shares is exempt pursuant to Rule 16b-3(e)."
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did Sylvamo (SLVM) report for executive Shawn Lawson?
Sylvamo reported that SVP Shawn Lawson had 979.9723 common shares withheld to cover taxes on RSU vesting. This was a tax-withholding disposition, not an open-market trade, and followed the vesting of restricted stock units.
What does Rule 16b-3(e) mean in the Sylvamo (SLVM) Form 4 footnote?
Rule 16b-3(e) provides an exemption from certain short-swing profit rules for transactions like tax-withholding on equity awards. In this case, Sylvamo notes the deemed disposition of withheld RSU shares is exempt under that rule, treating it as a compensation-related event.