Sylvamo (SLVM) director adds 23.8754 dividend units, now holds 253.886

Rhea-AI Filing Summary

Sylvamo Corp director Lizanne M. Bruce reported a routine equity-related transaction reflecting dividend accruals on her director compensation awards. On January 23, 2026, she acquired 23.8754 dividend equivalent units (DEUs) at a reference price of $51.05 per unit tied to Sylvamo common stock. Following this transaction, she held 253.886 DEUs as derivative securities in direct ownership.

The DEUs were credited in connection with a dividend paid on Sylvamo common stock and relate to previously granted restricted stock units (RSUs) and/or deferred stock units (DSUs) under the company’s plan for non-employee directors. Each DEU represents the right, subject to vesting, to receive one share of Sylvamo common stock on the same terms and schedule as the underlying RSUs or DSUs.

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

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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^*

Bruce Lizanne M

(Last) (First) (Middle)

6077 PRIMACY PARKWAY

(Street)

MEMPHIS TN 38119

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
01/23/2026

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Dividend Equivalent Units	(1)	01/23/2026		A		23.8754		(1)	(1)	Common Stock	23.8754	$51.05	253.886	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 Lizanne M. Bruce	01/27/2026
	** 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.
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FAQ

What insider transaction did Sylvamo (SLVM) director Lizanne M. Bruce report?

Lizanne M. Bruce reported acquiring 23.8754 dividend equivalent units (DEUs) on January 23, 2026, tied to Sylvamo Corp common stock.

How many Sylvamo (SLVM) dividend equivalent units does the director hold after this Form 4?

After the reported transaction, Lizanne M. Bruce beneficially owned 253.886 DEUs as derivative securities in direct ownership.

What are dividend equivalent units (DEUs) in the Sylvamo (SLVM) director plan?

Dividend equivalent units are credits accrued on previously granted RSUs and/or DSUs when Sylvamo pays a dividend. Each DEU represents the right, subject to vesting, to receive one share of Sylvamo common stock.

Why did the Sylvamo (SLVM) director receive 23.8754 DEUs?

The 23.8754 DEUs were accrued on existing RSUs and/or DSUs granted under Sylvamo’s Restricted Stock and Deferred Compensation Plan for Non-Employee Directors in connection with a dividend on the company’s common stock.

Are the Sylvamo (SLVM) dividend equivalent units immediately payable in shares?

No. The DEUs will vest and be settled on the same terms and conditions as the original RSUs or DSUs to which they relate, with each vested DEU delivering one share of Sylvamo common stock.

Is the Sylvamo (SLVM) director’s ownership reported on the Form 4 direct or indirect?

The filing shows the 253.886 DEUs as being held in direct (D) ownership by Lizanne M. Bruce.