Sylvamo (NYSE: SLVM) director granted new dividend-based units

Rhea-AI Filing Summary

Sylvamo Corp director Christine S. Breves reported automatic stock-based awards tied to a dividend. On 01/23/2026, she acquired 50.593 deferred stock units and 23.8754 dividend equivalent units, both valued at $51.05 per unit. After these transactions, she held 456.0923 deferred stock units and 167.0315 dividend equivalent units directly.

The new units were credited under Sylvamo’s Restricted Stock and Deferred Compensation Plan for Non-Employee Directors in connection with a dividend on Sylvamo common stock. Each dividend equivalent unit represents the right, subject to vesting, to receive one share of Sylvamo common stock and will vest and settle on the same terms as the related restricted or deferred stock units.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Breves Christine S

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units	50.593	$51.05	$3K
Grant/Award	Dividend Equivalent Units	23.875	$51.05	$1K

Holdings After Transaction: Deferred Stock Units — 456.092 shares (Direct); Dividend Equivalent Units — 167.032 shares (Direct)

Footnotes (1)

1. [object Object]

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Breves Christine S

(Last) (First) (Middle)

6077 PRIMACY PARKWAY

(Street)

MEMPHIS TN 38119

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Sylvamo Corp [ SLVM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/23/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Stock Units	(1)	01/23/2026		A		50.593		(1)	(1)	Common Stock	50.593	$51.05	456.0923	D
Dividend Equivalent Units	(1)	01/23/2026		A		23.8754		(1)	(1)	Common Stock	23.8754	$51.05	167.0315	D

Explanation of Responses:

1. Consists of dividend equivalent units ("DEUs") accrued on restricted stock units ("RSUs") and/or deferred stock units ("DSUs") previously granted to the Reporting Person under the Sylvamo Corporation Restricted Stock and Deferred Compensation Plan for Non-Employee Directors ("Plan"), in connection with a dividend paid on shares of Sylvamo Corporation common stock. The DEUs will vest and be settled on the same terms and conditions as the original RSUs or DSUs to which they relate. Each DEU represents the right to receive, subject to vesting, one share of Sylvamo Corporation common stock. The number of DEUs has been rounded to 4 decimal points.

Remarks:

	/s/ Maria St. John Daugherty, attorney in fact for Christine S. Breves	01/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Sylvamo (SLVM) disclose for Christine S. Breves?

The filing shows that director Christine S. Breves acquired 50.593 deferred stock units and 23.8754 dividend equivalent units on 01/23/2026 under a director compensation plan.

How many deferred stock units does the Sylvamo (SLVM) director hold after this transaction?

After the reported transaction, Christine S. Breves beneficially owned 456.0923 deferred stock units directly.

What are dividend equivalent units in the Sylvamo (SLVM) Form 4?

Dividend equivalent units (DEUs) are credits tied to dividends on Sylvamo common stock, each representing the right, subject to vesting, to receive one share of Sylvamo common stock.

Why did the Sylvamo (SLVM) director receive new dividend equivalent units?

The DEUs accrued on previously granted restricted stock units and/or deferred stock units in connection with a dividend paid on Sylvamo common stock.

How many dividend equivalent units does the Sylvamo (SLVM) director hold after the transaction?

Following the transaction, Christine S. Breves directly held 167.0315 dividend equivalent units.

Do the new Sylvamo (SLVM) dividend equivalent units vest immediately?

No. The filing states that the DEUs will vest and be settled on the same terms and conditions as the original restricted or deferred stock units to which they relate.