Sylvamo (SLVM) director Breves granted dividend-equivalent and deferred stock units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Breves Christine S reported acquisition or exercise transactions in this Form 4 filing.

Sylvamo Corp director Christine S. Breves received additional equity-based awards tied to her existing board compensation. She was granted 28.2209 Dividend Equivalent Units and 59.8013 Deferred Stock Units on 2026-04-28, reflecting dividend equivalents accrued on previously granted restricted and deferred stock units.

These units were credited at a reference price of $43.57 and each represents the right to receive, subject to vesting, one share of Sylvamo common stock. The new awards increase her direct holdings in these derivative units to 190.9069 Dividend Equivalent Units and 515.8936 Deferred Stock Units, which will vest and settle on the same terms as the original awards.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Breves Christine S

Role null

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units	59.801	$43.57	$3K
Grant/Award	Dividend Equivalent Units	28.221	$43.57	$1K

Holdings After Transaction: Deferred Stock Units — 515.894 shares (Direct, null); Dividend Equivalent Units — 190.907 shares (Direct, null)

Footnotes (1)

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Key Figures

Dividend Equivalent Units granted: 28.2209 units Deferred Stock Units granted: 59.8013 units Reference price per unit: $43.57 per unit +3 more

6 metrics

Dividend Equivalent Units granted 28.2209 units Grant on 2026-04-28 tied to dividends

Deferred Stock Units granted 59.8013 units Grant on 2026-04-28 tied to dividends

Reference price per unit $43.57 per unit Price used for 2026-04-28 unit accruals

Dividend Equivalent Units after grant 190.9069 units Holdings following 2026-04-28 award

Deferred Stock Units after grant 515.8936 units Holdings following 2026-04-28 award

Underlying common shares per unit 1 share per unit Each DEU or DSU equals one common share, subject to vesting

Key Terms

Dividend Equivalent Units, Deferred Stock Units, Restricted Stock Units, Deferred Compensation Plan for Non-Employee Directors

4 terms

Dividend Equivalent Units financial

"Consists of dividend equivalent units ("DEUs") accrued on restricted stock units"

Deferred Stock Units financial

"and/or deferred stock units ("DSUs") previously granted to the Reporting Person"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

Restricted Stock Units financial

"accrued on restricted stock units ("RSUs") and/or deferred stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Deferred Compensation Plan for Non-Employee Directors financial

"under the Sylvamo Corporation Restricted Stock and Deferred Compensation Plan for Non-Employee Directors"

Form 4 Insider Transactions: What Each Field Means →

04/30/2026 - 10:53 AM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Breves Christine S

(Last)

(First)

(Middle)

6077 PRIMACY PARKWAY

(Street)

MEMPHIS

TENNESSEE

38119

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Sylvamo Corp [ SLVM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/28/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Deferred Stock Units	⁽¹⁾	04/28/2026		A		59.8013		⁽¹⁾	⁽¹⁾	Common Stock	59.8013	$43.57	515.8936	D
Dividend Equivalent Units	⁽¹⁾	04/28/2026		A		28.2209		⁽¹⁾	⁽¹⁾	Common Stock	28.2209	$43.57	190.9069	D

Explanation of Responses:

1. Consists of dividend equivalent units ("DEUs") accrued on restricted stock units ("RSUs") and/or deferred stock units ("DSUs") previously granted to the Reporting Person under the Sylvamo Corporation Restricted Stock and Deferred Compensation Plan for Non-Employee Directors ("Plan"), in connection with a dividend paid on shares of Sylvamo Corporation common stock. The DEUs will vest and be settled on the same terms and conditions as the original RSUs or DSUs to which they relate. Each DEU represents the right to receive, subject to vesting, one share of Sylvamo Corporation common stock. The number of DEUs has been rounded to 4 decimal points.

Remarks:

	/s/ Maria St. John Daugherty, attorney in fact for Christine S. Breves	04/30/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Sylvamo (SLVM) director Christine Breves report in this Form 4?

Christine Breves reported receiving additional equity-based awards, not open-market trades. She was granted dividend-equivalent and deferred stock units that accrue from dividends on prior director awards and will vest under the same terms as the original grants.

How many Dividend Equivalent Units did Christine Breves receive at Sylvamo (SLVM)?

She received 28.2209 Dividend Equivalent Units. These units were credited in connection with a dividend on Sylvamo common stock and are tied to her previously granted restricted or deferred stock units under the company’s non-employee director compensation plan.

How many Deferred Stock Units were granted to Christine Breves at Sylvamo (SLVM)?

She was granted 59.8013 Deferred Stock Units. These units arise as dividend equivalents on earlier awards and each unit represents the right, subject to vesting, to receive one share of Sylvamo common stock at settlement.

Are Christine Breves’ reported Sylvamo (SLVM) transactions open-market buys or sells?

They are not open-market buys or sells. The transactions are coded as awards, reflecting automatic accrual of dividend-equivalent and deferred stock units as part of her director compensation, with no indicated cash purchase or sale in the market.

What do Sylvamo (SLVM) Dividend Equivalent Units and Deferred Stock Units represent?

Each Dividend Equivalent Unit or Deferred Stock Unit represents the right to receive one share of Sylvamo common stock, subject to vesting. They are credited under the company’s restricted stock and deferred compensation plan for non-employee directors when dividends are paid.

How many Sylvamo (SLVM) units does Christine Breves hold after these awards?

After these awards, she directly holds 190.9069 Dividend Equivalent Units and 515.8936 Deferred Stock Units. These derivative units will vest and be settled on the same terms and schedule as the original restricted or deferred stock units they relate to.