JOHNSON JOIA M 4

What Happened
Joia M. Johnson, a director of Sylvamo Corporation, was granted 120.776 dividend-equivalent units (DEUs) on January 23, 2026. The filing reports an acquisition value of $51.05 per unit, totaling approximately $6,166. This was an award (derivative grant) rather than an open‑market purchase or sale.

Key Details

• Transaction type/code: Award/Grant (A); derivative (DEUs).
• Transaction date and price: 2026-01-23; reported at $51.05 per unit.
• Quantity/value: 120.776 DEUs; reported total ≈ $6,166.
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: F1 — DEUs consist of dividend equivalents accrued on previously granted RSUs and/or DSUs under the company’s non‑employee director plan. Each DEU represents the right to one share, will vest and settle on the same terms as the original RSUs/DSUs, and the number is rounded to four decimal places.
• Filing timeliness: Filed 2026-01-27; within the required Form 4 window (timely).

Context
DEUs are a form of compensation that track dividends on outstanding restricted/deferred units and are converted into shares only when the underlying RSUs/DSUs vest and settle. Because this was a compensation award (not a market buy or sale), it is routine director compensation and does not necessarily indicate a change in the director’s view of the company.