Sylvamo SVP receives RSU grant, withholds shares for tax
Sylvamo Corp senior executive Shawn Lawson reported equity compensation and related tax withholding in company stock.
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Rhea-AI Filing Summary
Sylvamo Corp senior executive Shawn Lawson reported equity compensation and related tax withholding in company stock. Lawson received 3,421 time-based restricted stock units that settle one-for-one in common stock at no cost. These 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. In connection with previously vesting RSUs, 297.3695 shares of common stock were withheld at a price of $46.30 per share to cover taxes, leaving Lawson with 17,655.6305 directly owned shares after these transactions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,421 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 297.3695 | $46.30 | $14K |
Footnotes (2)
- F1. 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 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.
- F2. Represents shares withheld for taxes in connection with vesting of RSUs, rounded to four decimal places. The deemed disposition of the withheld shares is exempt pursuant to Rule 16b-3(e).
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Sylvamo (SLVM) executive Shawn Lawson report?
How do Shawn Lawson’s new Sylvamo (SLVM) restricted stock units vest?
Can Shawn Lawson’s new Sylvamo (SLVM) RSUs vest early under certain conditions?
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