Sylvamo Insider Sims Accrues 174 DEUs in Routine Filing

Rhea-AI Filing Summary

Form 4 filing for Sylvamo Corp. (SLVM) discloses an automatic, non-open-market equity accrual by insider John V. Sims, the company’s SVP & Chief Operating Officer.

• Transaction date: 07/29/2025
• Security type: Dividend Equivalent Units (DEUs) linked to previously granted Restricted Stock Units (RSUs)
• Units accrued: 174.3727 DEUs
• Reference price: $48.13 per unit
• Post-transaction derivative holdings: 2,325.899 DEUs
• Ownership form: Direct

Each DEU represents the right to receive one share of Sylvamo common stock upon vesting, on the same schedule as the underlying RSUs. The filing reflects routine dividend-equivalent adjustments rather than an open-market purchase or sale, and does not alter the insider’s direct non-derivative share count.

Insights

Securities Analyst

TL;DR: Routine dividend-equivalent accrual; neutral impact.

The 174 DEUs added to Sims’ position are a mechanical adjustment tied to prior RSUs and do not signal new cash investment or disposal. The small size relative to Sylvamo’s 41 million-share float and the absence of open-market activity render the event immaterial for valuation or sentiment. I classify the filing as routine compliance.

Corporate Governance Expert

TL;DR: Standard insider equity alignment, no red flags.

Dividend-equivalent accruals keep executives economically aligned with shareholders by mirroring dividend distributions. Because vesting follows existing RSU terms and no discretion was exercised, the transaction raises no governance concerns. Impact on ownership transparency is minimal.

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^*

SIMS JOHN V

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/29/2025

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)	07/29/2025		A		174.3727		(1)	(1)	Common Stock	174.3727	$48.13	2,325.899	D

Explanation of Responses:

1. Consists of dividend equivalent units ("DEUs") accrued on restricted stock units ("RSUs") previously granted to the Reporting Person. The DEUs will vest and be settled on the same terms and conditions as the original RSUs 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:

	Maria St. John Daugherty, attorney in fact for John V. Sims	07/31/2025
	** 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.

FAQ

How many Sylvamo (SLVM) units did John V. Sims acquire in this Form 4?

The insider accrued 174.3727 dividend equivalent units on 07/29/2025.

What is a dividend equivalent unit (DEU) in the context of SLVM’s Form 4?

A DEU credits cash dividends on RSUs as additional units, each convertible into one share of common stock upon vesting.

Was the SLVM insider transaction an open-market purchase?

No. The units were automatically accrued and not bought or sold on the open market.

How many derivative units does the insider hold after this transaction?

John V. Sims now beneficially owns 2,325.899 DEUs directly.

Does the Form 4 indicate any change in non-derivative share ownership?

The filing reports only derivative DEUs; no change to direct share ownership is disclosed.