Sylvamo (SLVM) SVP Lawson granted RSUs and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Lawson Shawn
Role
SVP, General Manager Europe
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,421 | $0.00 | -- |
| Tax Withholding | Common Stock | 297.37 | $46.30 | $14K |
Holdings After Transaction:
Common Stock — 17,953 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 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. 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
What insider transactions did Sylvamo (SLVM) executive Shawn Lawson report?
Shawn Lawson reported receiving 3,421 restricted stock units and a related tax-withholding share disposition. The award is equity compensation that vests over time, while 297.3695 shares were withheld at $46.30 per share to satisfy tax obligations from vesting RSUs.
How do Shawn Lawson’s new Sylvamo (SLVM) restricted stock units vest?
The 3,421 restricted stock units vest in three equal annual installments. One-third vests on March 1, 2027, another third on March 1, 2028, and the final third on March 1, 2029, subject to Lawson’s continued service and specific award conditions.
Can Shawn Lawson’s new Sylvamo (SLVM) RSUs vest early under certain conditions?
A prorated number of RSUs may vest early under specific circumstances. Accelerated vesting can occur upon qualifying employment termination with severance, certain business divestitures, or due to death, disability, or retirement, all subject to the RSU award’s terms and conditions.