Executive at Sylvamo (NYSE: SLVM) gets stock awards and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sylvamo Corp senior vice president of operational excellence Patrick Wilczynski reported equity compensation activity involving the company’s common stock. He received 4,730 time-based restricted stock units that will vest in three equal parts on March 1, 2027, March 1, 2028, and March 1, 2029, subject to continued service. He also acquired 5,558.242 performance-based restricted stock units that vested and settled one-for-one in common shares on March 1, 2026, based on financial performance targets set in 2023. In connection with RSU and PSU vesting, 2,329.8498 shares were withheld at $46.30 per share to cover taxes, leaving him with 44,313.3962 shares held directly after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Wilczynski Patrick
Role
SVP, Operational Excellence
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,730 | $0.00 | -- |
| Grant/Award | Common Stock | 5,558.242 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,329.85 | $46.30 | $108K |
Holdings After Transaction:
Common Stock — 41,085.004 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 insider transactions did Sylvamo (SLVM) report for Patrick Wilczynski?
Sylvamo reported that SVP Patrick Wilczynski received time-based RSUs, vested performance-based RSUs, and had shares withheld for taxes. These equity movements reflect compensation and tax withholding, not open-market buying or selling of Sylvamo common stock.
How many Sylvamo (SLVM) restricted stock units were granted to the SVP?
Patrick Wilczynski received 4,730 time-based restricted stock units that settle one-for-one in common stock upon vesting. These units vest in three equal installments on March 1, 2027, March 1, 2028, and March 1, 2029, contingent on continued employment.
What performance-based stock units vested for Sylvamo SVP Patrick Wilczynski?
He had 5,558.242 performance-based restricted stock units vest and settle into common shares on March 1, 2026. These PSUs were granted March 1, 2023, and depended on achieving financial performance criteria under Sylvamo’s long-term incentive plan.
Are the Sylvamo (SLVM) insider transactions open-market purchases or sales?
No, they involve equity compensation and tax withholding. The Form 4 shows grants of restricted stock units, vesting of performance-based units, and shares withheld to cover related tax liabilities, rather than voluntary open-market buying or selling activity.