Bruce Lizanne M 4

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.