Sylvamo (SLVM) VP Ferguson has 204 shares withheld to pay RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sylvamo Corp executive Kevin W. Ferguson, VP, Controller and Chief Accounting Officer, had 204.0278 shares of common stock withheld at a deemed price of $39.27 per share to cover taxes on vesting restricted stock units (RSUs). This is a tax-withholding disposition, not an open-market sale. After the withholding, Ferguson directly holds 6,052.9248 shares of Sylvamo common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ferguson Kevin W
Role
VP, Controller,Chief Acct.Off.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 204.028 | $39.27 | $8K |
Holdings After Transaction:
Common Stock — 6,052.925 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 204.0278 shares
Deemed price per share: $39.27 per share
Shares held after transaction: 6,052.9248 shares
3 metrics
Shares withheld for taxes
204.0278 shares
Tax-withholding disposition on RSU vesting
Deemed price per share
$39.27 per share
Valuation used for withheld RSU shares
Shares held after transaction
6,052.9248 shares
Direct common stock holding after tax withholding
Key Terms
RSUs, Rule 16b-3(e), tax-withholding disposition
3 terms
RSUs financial
"Represents shares withheld for taxes in connection with vesting of RSUs."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Rule 16b-3(e) regulatory
"The deemed disposition of the withheld shares is exempt pursuant to Rule 16b-3(e)."
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What did Sylvamo (SLVM) executive Kevin Ferguson report in this Form 4?
Kevin W. Ferguson reported a tax-withholding disposition of 204.0278 Sylvamo common shares. The shares were withheld to cover taxes due on vesting RSUs, rather than sold in the open market.
Was this Sylvamo (SLVM) Form 4 transaction an open-market sale?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld by Sylvamo to satisfy tax obligations from RSU vesting, as noted under Rule 16b-3(e).