Sylvamo Corp (SLVM) director gets 693 RSUs for 2026 board service
Rhea-AI Filing Summary
Sylvamo Corp director equity compensation update: A board member of Sylvamo Corp received 693 time-based restricted stock units (RSUs) of common stock on January 1, 2026, in lieu of a cash retainer for serving as Chairman of the board from January 1, 2026 until the 2026 annual shareowners meeting. The RSUs are valued at $48.15 per share.
The RSUs will vest one-for-one into common stock on May 15, 2026 or at the next annual shareowners meeting. The director has elected to defer settlement of the vested RSUs until the first to occur of May 15, 2036 or the termination of his service as a director. Following this transaction, the reporting person beneficially owns 27,483 shares of Sylvamo common stock directly.
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FAQ
What insider transaction was reported for Sylvamo Corp (SLVM)?
The filing reports that a Sylvamo Corp director received 693 time-based restricted stock units (RSUs) of common stock on January 1, 2026, in lieu of a cash retainer for serving as Chairman of the board.
What is the value and purpose of the 693 RSUs reported at Sylvamo Corp (SLVM)?
The 693 RSUs were granted at $48.15 per share as a cash retainer replacement for the director’s service as Chairman of the board of directors for the period from January 1, 2026 until the 2026 annual shareowners meeting.
When do the reported RSUs for the Sylvamo Corp director vest?
The 693 restricted stock units will vest one-for-one into Sylvamo common stock on May 15, 2026 or at the next annual shareowners meeting, whichever timing condition described is met.
How has the Sylvamo Corp director elected to settle the vested RSUs?
The director elected to defer settlement of vested RSUs until the first to occur of May 15, 2036 or the termination of his service as a director, meaning actual share delivery is postponed until one of those events.
How many Sylvamo Corp shares does the reporting person own after this transaction?
Following the reported RSU grant and related transaction, the reporting person beneficially owns 27,483 shares of Sylvamo Corp common stock in direct ownership form.
What is the relationship of the reporting person to Sylvamo Corp (SLVM)?
The reporting person is a director of Sylvamo Corp and serves as Chairman of the board of directors for the service period tied to this RSU retainer grant.