Sylvamo SVP has shares withheld for RSU taxes
Sylvamo Corp senior executive Shawn Lawson reported a routine tax-withholding transaction related to restricted stock units (RSUs).
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 979.9723 | $39.27 | $38K |
Footnotes (1)
- F1. Represents shares withheld for taxes in connection with vesting of RSUs. The deemed disposition of the withheld shares is exempt pursuant to Rule 16b-3(e).
Key Figures
Key Terms
RSUs financial
Rule 16b-3(e) regulatory
tax-withholding disposition financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Sylvamo (SLVM) report for executive Shawn Lawson?
What does Rule 16b-3(e) mean in the Sylvamo (SLVM) Form 4 footnote?
AI-generated analysis. How Rhea-AI works. Not financial advice.