Zallie James P. 4
Research Summary
AI-generated summary
Sylvamo (SLVM) Director James P. Zallie Receives 28.221-Share Award
What Happened
- James P. Zallie, a director of Sylvamo Corporation (SLVM), was credited with 28.221 shares as an award (derivative acquisition) on April 28, 2026. The units are recorded at $43.57 each for a notional value of about $1,230. The Form 4 was filed April 30, 2026.
Key Details
- Transaction date: 2026-04-28; Form 4 filed: 2026-04-30.
- Transaction type/code: A (grant/award — derivative).
- Amount: 28.221 shares @ $43.57; total notional value ≈ $1,230.
- Shares-after-transaction: Not specified in this filing.
- Footnote: These are dividend-equivalent units (DEUs) accrued on previously granted RSUs and/or DSUs (see footnote F1). Each DEU represents the right to receive one share subject to the vesting/settlement terms of the original award. Number rounded to four decimals.
- Timeliness: Filing occurred two days after the transaction date and is presented on the Form 4 (no late filing indication in this record).
Context
- This was not an open-market purchase or sale but a credit of dividend-equivalent units tied to existing restricted/deferred stock awards; DEUs become shares only if/when they vest and are settled per the original RSU/DSU terms.
- Such credits are typically compensation-related and do not necessarily signal buying or selling intent by the insider.