Cleves Thomas A 4
4 · Sylvamo Corp · Filed Oct 19, 2021
Insider Transaction Report
Form 4
Sylvamo CorpSLVM
Cleves Thomas A
SVP, Corporate Affairs
Transactions
- Award
Common Stock
2021-10-15+22,487→ 23,660 total
Footnotes (2)
- [F1]The restricted stock units (units) reported were awarded to the insider under the Sylvamo Corporation 2021 Incentive Compensation Plan as a replacement for performance share units forfeited by the insider under the International Paper Performance Share Plan as a result of the spinoff of International Paper's global papers business to create Sylvamo Corporation. Each unit represents the right, subject to vesting, to receive one share of Sylvamo common stock. The units will vest as follows: (i) 33% on March 1, 2022; (ii) 33% on March 1, 2023; and (iii) 33% on March 1, 2024.
- [F2]Consists of: (i) the 22,487 units described in footnote (1) and (ii) 1,173 shares of Sylvamo common stock acquired in connection with the distribution of Sylvamo Corporation shares to all holders of International Paper stock on October 1, 2021, upon the spinoff of International Paper's global papers business to create Sylvamo Corporation.