Sylvamo (NYSE: SLVM) SVP granted RSUs and PSUs, shares withheld for taxes
Rhea-AI Filing Summary
Sylvamo Corp senior vice president and North America general manager Rodrigo Davoli reported equity compensation awards and related tax withholding in common stock.
On March 1, 2026, he acquired 5,405 time-based RSUs and 4,591.5012 PSUs that settle one-for-one in common shares. The RSUs vest in three equal installments on March 1, 2027, 2028, and 2029, assuming continued service. The PSUs vested and settled in shares on March 1, 2026 based on financial performance goals from a March 1, 2023 grant.
Also on March 1, 2026, 2,069.9195 shares at $46.30 per share were withheld to cover taxes tied to RSU and PSU vesting, which is recorded as a disposition but not an open-market sale. After these transactions, Davoli directly holds 49,734.2118 Sylvamo common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,405 | $0.00 | -- |
| Grant/Award | Common Stock | 4,591.501 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,069.92 | $46.30 | $96K |
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).