Sylvamo (NYSE: SLVM) SVP awarded RSUs while shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sylvamo Corp executive Marcia Vargas, SVP & Chief People Officer, reported compensation-related stock activity. She had 2,027.9722 common shares withheld at $46.3000 per share to cover taxes upon RSU vesting, and received a grant of 5,236 time-based RSUs that settle one-for-one in common stock. After these transactions, she directly holds 14,178.8165 common shares. The RSUs vest one-third on each of March 1, 2027, March 1, 2028, and March 1, 2029, subject to continued service and award terms, with certain prorated accelerated vesting scenarios.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Vargas Marcia
Role
SVP & Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,027.972 | $46.30 | $94K |
| Grant/Award | Common Stock | 5,236 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 8,942.817 shares (Direct)
Footnotes (1)
- 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). 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.
FAQ
What insider transactions did Sylvamo (SLVM) report for Marcia Vargas?
Sylvamo reported that executive Marcia Vargas had 2,027.9722 common shares withheld to cover taxes on RSU vesting and received a grant of 5,236 time-based RSUs that settle one-for-one in common stock upon future vesting.
Were the Sylvamo (SLVM) insider transactions open-market buys or sales?
The filing shows no open-market buys or sales. Shares were disposed of through tax withholding on RSU vesting, and additional shares were acquired via a restricted stock unit grant, both categorized as compensation-related, non-market transactions.
What are the vesting terms of the new RSUs reported by Sylvamo (SLVM)?
The 5,236 time-based RSUs vest in three equal installments. One-third vests on March 1, 2027, another third on March 1, 2028, and the final third on March 1, 2029, subject to Marcia Vargas’s continued service and award conditions.
Can the reported Sylvamo (SLVM) RSUs vest early for Marcia Vargas?
The RSU award allows for accelerated vesting of a prorated portion in specific cases, including certain severance-qualifying terminations, business divestitures, or termination due to death, disability, or retirement, all subject to the RSU award terms and conditions.