Cleves Thomas A 4
4 · Sylvamo Corp · Filed Mar 5, 2024
Insider Transaction Report
Form 4
Sylvamo CorpSLVM
Cleves Thomas A
SVP, Corporate Affairs
Transactions
- Tax Payment
Common Stock
2024-03-01$60.41/sh−2,651.06$160,151→ 50,103.499 total - Award
Common Stock
2024-03-01+3,419→ 53,522.499 total
Footnotes (2)
- [F1]Represents shares withheld for taxes in connection with vesting of RSUs. The deemed disposition of the withheld shares is exempt pursuant to Rule 16b-3(e).
- [F2]The reported securities represent time-based restricted stock units ("RSUs") that settle one-for-one in common stock upon vesting. The RSUs will vest, subject to the reporting person's continued service, one-third on each of March 1, 2025, March 1, 2026, and March 1, 2027. Accelerated vesting of a prorated number of the RSUs would occur, based upon length of service during the RSU vesting period and subject to the RSU award terms and conditions, upon employment termination resulting in severance rights, resulting from a business divestiture, or due to death, disability or retirement.