Sylvamo CFO shares withheld for RSU taxes
Sylvamo Corp reported an insider transaction for SVP Chief Financial Officer Donald P. Devlin involving restricted stock unit vesting.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Sylvamo Corp reported an insider transaction for SVP Chief Financial Officer Donald P. Devlin involving restricted stock unit vesting. On the transaction date, 812.6736 shares of common stock were withheld to cover tax obligations, valued at $39.27 per share. This was a tax-withholding disposition, not an open-market trade, and was exempt under Rule 16b-3(e). After the withholding, Devlin directly owns 28,174.4975 shares of Sylvamo common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 812.6736 | $39.27 | $32K |
Footnotes (1)
- F1. Represents shares withheld for taxes in connection with vesting of RSUs. The deemed disposition of the withheld shares is exempt pursuant to Rule 16b-3(e).
Key Figures
Key Terms
RSUs financial
Rule 16b-3(e) regulatory
tax-withholding disposition financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Sylvamo (SLVM) report for its CFO?
Was the Sylvamo (SLVM) CFO’s Form 4 transaction an open-market sale?
What does Rule 16b-3(e) exemption mean in the Sylvamo (SLVM) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.