Bruce Lizanne M 4
4 · Sylvamo Corp · Filed Jan 27, 2026
Research Summary
AI-generated summary of this filing
Sylvamo (SLVM) Director Bruce Lizanne M Receives Award of 23.875 Shares
What Happened Bruce Lizanne M, a director of Sylvamo Corporation, was granted 23.875 derivative shares (recorded as an Award, code A) on 2026-01-23. The filing reports a per-share value of $51.05 for a total reported value of approximately $1,219. This was not an open-market purchase or sale but a grant of dividend-equivalent units related to previously awarded RSUs/DSUs.
Key Details
- Transaction date and type: 2026-01-23 — Grant/Award (derivative; code A).
- Units and value: 23.875 dividend-equivalent units (DEUs) at $51.05 each; total ≈ $1,219.
- Shares owned after transaction: Not specified in this filing.
- Footnote: F1 — DEUs are dividend equivalents accrued on existing RSUs/DSUs and will vest/settle on the same terms as the original awards; each DEU represents the right to one share; numbers rounded to 4 decimals.
- Filing timeliness: Report filed 2026-01-27; appears timely (filed within the Form 4 reporting window).
Context DEUs are compensation-related derivative units representing dividend equivalents on outstanding restricted or deferred stock awards; they typically convert to shares (or cash) only when the underlying RSUs/DSUs vest and settle. Such awards are common for non-employee directors and are routine compensation rather than a direct signal of near-term insider trading intent.
Insider Transaction Report
- Award
Dividend Equivalent Units
[F1]2026-01-23$51.05/sh+23.875$1,219→ 253.886 total→ Common Stock (23.875 underlying)
Footnotes (1)
- [F1]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.