PETRATIS DAVID D 4/A
4/A · Sylvamo Corp · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
Sylvamo (SLVM) Director David D. Petratis Receives RSU Award
What Happened
David D. Petratis, a director of Sylvamo Corp (SLVM), was granted 10,207 restricted stock units (RSUs) on May 15, 2026. The grant is reported at $38.70 per share, for a grant-date value of approximately $395,011. This is an award (Form 4 code A), not an open-market purchase or sale.
Key Details
- Transaction date: May 15, 2026; Grant type: Award (A).
- Shares/units granted: 10,207 RSUs at $38.70 per share; aggregate grant value ≈ $395,011.
- Composition of RSUs: 3,876 time-based RSUs + 6,331 RSUs elected in lieu of a cash retainer.
- Vesting/settlement: RSUs vest one-for-one into common stock on the earlier of May 13, 2027, or the next annual shareowners meeting. Mr. Petratis elected to defer settlement of vested RSUs until the earlier of May 13, 2032, or termination of his service as a director.
- Filing status: This is an amended Form 4/A. The original Form 4 (filed May 19, 2026) understated the number of shares due to an administrative error; this amendment corrects the count to 10,207.
- Shares owned after transaction: Not specified in the provided filing.
Context
RSU grants to directors are a common form of compensation and do not represent an open-market purchase or sale. The deferral election means Mr. Petratis may not receive the underlying shares until 2032 (or when his directorship ends), so this award does not indicate an immediate increase in tradable insider stock ownership. As this filing is an amendment, investors should rely on the corrected figures for any analysis.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-05-15$38.70/sh+10,207$395,011→ 37,690 total
Footnotes (2)
- [F1]This Form 4/A amends the Form 4 originally filed on May 19, 2026, to correct the number of shares reported as acquired. The number of shares originally reported was understated due to administrative error. The corrected number of shares acquired is 10,207.
- [F2]The reported securities represent 3,876 time-based restricted stock units ("RSUs") and 6,331 RSUs that the reporting person elected to receive in lieu of a cash retainer. The RSUs will vest one-for-one in common stock on the earlier of May 13, 2027, or the next annual shareowners meeting. The reporting person has elected to defer the settlement of vested RSUs until the first to occur of May 13, 2032, or the termination of his service as a director. The RSUs were granted to the reporting person on May 15, 2026, for service as a director for the 2026-2027 performance year.