Bruce Lizanne M 4

What Happened

• Bruce Lizanne M, a director of Sylvamo Corporation, was credited with 28.221 derivative units on 2026-04-28. The units are reported at $43.57 each for an aggregate value of about $1,230 and are recorded as an award/acquisition (code A) on the Form 4.

Key Details

• Transaction date: 2026-04-28; Form 4 filed 2026-04-30 (filed within the usual 2-business-day window).
• Type: Grant/award of derivative units (DEUs) tied to prior RSUs/DSUs under the Sylvamo Restricted Stock and Deferred Compensation Plan for Non-Employee Directors.
• Price/value: $43.57 per unit; total reported value ≈ $1,230.
• Shares owned after transaction: Not specified in the filing.
• Footnote: F1 — these are dividend equivalent units (DEUs) accrued on previously granted RSUs/DSUs. Each DEU represents the right to receive one share of Sylvamo common stock subject to the original awards’ vesting and settlement terms; counts rounded to four decimals.

Context

• DEUs are dividend equivalents (not open-market purchases) and will convert to shares only if and when the underlying RSUs/DSUs vest and settle. Such awards are routine compensation for directors and do not, by themselves, indicate an insider’s trading view.