Sylvamo (SLVM) CEO granted RSUs and PSUs with tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sylvamo Corp CEO and President John V. Sims reported equity compensation activity involving the company’s common stock. He acquired 40,118 time-based restricted stock units (RSUs) and 15,103.5134 performance-based restricted stock units (PSUs) that settled in common shares on March 1, 2026.
The RSUs vest in three equal installments on March 1, 2027, March 1, 2028, and March 1, 2029, subject to continued service, with provisions for prorated accelerated vesting in certain termination or retirement scenarios. In connection with RSU and PSU vesting, 7,122.8755 shares were withheld at $46.30 per share to cover tax obligations.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
SIMS JOHN V
Role
CEO & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 40,118 | $0.00 | -- |
| Grant/Award | Common Stock | 15,103.513 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,122.876 | $46.30 | $330K |
Holdings After Transaction:
Common Stock — 130,298.6 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, 2025 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 stock awards did Sylvamo (SLVM) CEO John V. Sims receive?
John V. Sims received 40,118 time-based RSUs and 15,103.5134 PSUs in Sylvamo common stock. The PSUs vested on March 1, 2026, while the RSUs will vest in three annual installments starting March 1, 2027, subject to his continued service.
How do the new Sylvamo CEO RSUs vest over time?
The 40,118 time-based RSUs granted to Sylvamo CEO John V. Sims vest in three equal parts. They vest one-third on March 1, 2027, one-third on March 1, 2028, and the final third on March 1, 2029, assuming he continues in service.
What performance conditions applied to Sylvamo CEO PSUs?
The PSUs granted to Sylvamo’s CEO on March 1, 2025 vested on March 1, 2026. Vesting depended on the achievement of financial performance criteria under the company’s long-term incentive plan, and then settled one-for-one in common stock, rounded to four decimal places.
Can Sylvamo CEO’s RSUs vest earlier than scheduled?
The RSUs may vest earlier on a prorated basis if certain events occur. These include termination with severance rights, a business divestiture, or death, disability, or retirement, all subject to the specific terms and conditions of the RSU award agreement.