Breves Christine S 4

What Happened
Christine S. Breves, a Sylvamo (SLVM) director, was awarded dividend-equivalent units (DEUs) on January 23, 2026. The filing shows two derivative awards: 50.593 DEUs at $51.05 each (reported value $2,583) and 23.875 DEUs at $51.05 each (reported value $1,219), totaling 74.468 DEUs (≈ $3,802). These are grants (transaction code A), not open-market purchases or sales.

Key Details

• Transaction date: 2026-01-23; Filing date: 2026-01-27 (Form 4 filed within the required period).
• Prices/values reported: 50.593 shares @ $51.05 = $2,583; 23.875 shares @ $51.05 = $1,219; combined ≈ $3,802.
• Security type: Derivative — dividend equivalent units (DEUs) tied to prior RSUs/DSUs.
• Shares owned after transaction: Not disclosed in the supplied filing summary.
• Footnote: F1 — DEUs represent the right to receive one share per DEU, will vest and be settled under the same terms as the original RSUs/DSUs, and the DEU counts are rounded to four decimal places.

Context

• DEUs are administrative awards that mirror dividends on previously granted restricted or deferred stock units; they settle subject to the original awards' vesting schedule.
• This is an award/grant (code A), not an indication of a market purchase or sale; such awards are routine director compensation and do not by themselves indicate insider sentiment.