Sylvamo (SLVM) VP Kevin Ferguson gets RSU, PSU stock awards with tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sylvamo Corp executive Kevin W. Ferguson, VP, Controller and Chief Accounting Officer, reported equity awards and related tax withholding in company stock. On March 1, 2026, he acquired 2,161 time-based RSUs and 1,355.9212 PSUs that settled in common stock.
The RSUs vest one-third on each of March 1, 2027, March 1, 2028, and March 1, 2029, subject to continued service and certain accelerated vesting conditions. The filing also shows 908.9159 shares withheld at $46.30 per share to cover taxes on the RSU and PSU vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Ferguson Kevin W
Role
VP, Controller,Chief Acct.Off.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,161 | $0.00 | -- |
| Grant/Award | Common Stock | 1,355.921 | $0.00 | -- |
| Tax Withholding | Common Stock | 908.916 | $46.30 | $42K |
Holdings After Transaction:
Common Stock — 8,309.947 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 the 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. The reported securities represent performance-based restricted stock units ("PSUs") that vested and settled one-for-one in common stock on March 1, 2026, rounded to four decimal places. The PSUs were granted on March 1, 2023, under the issuer's long-term incentive plan, with vesting contingent upon the achievement of financial performance criteria. Represents shares withheld for taxes in connection with vesting of RSUs and PSUs, rounded to four decimal places. The deemed disposition of the withheld shares is exempt pursuant to Rule 16b-3(e).
FAQ
What did Sylvamo (SLVM) executive Kevin Ferguson report on this Form 4?
Kevin W. Ferguson reported equity awards and tax-related share withholding. He received time-based RSUs and performance-based PSUs in Sylvamo common stock, and some shares were withheld to satisfy tax obligations tied to the vesting of these awards.
How many RSUs did Kevin Ferguson receive from Sylvamo (SLVM)?
He received 2,161 time-based restricted stock units that settle one-for-one in common stock. These RSUs vest in three equal annual installments, beginning March 1, 2027, provided he continues his service and subject to specific accelerated vesting conditions described in the award terms.
What performance-based PSUs did Kevin Ferguson report for Sylvamo (SLVM)?
He reported 1,355.9212 performance-based restricted stock units that vested and settled in common stock on March 1, 2026. These PSUs were granted March 1, 2023, under the long-term incentive plan, with vesting contingent on meeting financial performance criteria over the award period.
What is the vesting schedule for Kevin Ferguson’s new Sylvamo (SLVM) RSUs?
The RSUs vest in three equal tranches: one-third on March 1, 2027, one-third on March 1, 2028, and one-third on March 1, 2029. Vesting requires continued service and may accelerate prorata upon qualifying termination events, divestiture, death, disability, or retirement.
How were Sylvamo (SLVM) PSUs structured for Kevin Ferguson?
The PSUs were granted March 1, 2023, and vested March 1, 2026, settling one-for-one in common stock. Vesting depended on achieving specified financial performance goals under Sylvamo’s long-term incentive plan, aligning the award outcome with the company’s multi-year performance results.