Breves Christine S 4

What Happened
Christine S. Breves, a director of Sylvamo Corporation (SLVM), received two awards on April 28, 2026 totaling 88.022 dividend-equivalent units (DEUs). The grants are reported as derivative awards (code A): 59.801 DEUs at $43.57 each (value $2,606) and 28.221 DEUs at $43.57 each (value $1,230), for a combined value of $3,836. These are not open‑market purchases or sales but dividend equivalents tied to previously granted restricted stock units (RSUs) and/or deferred stock units (DSUs).

Key Details

• Transaction date: 2026-04-28; filing date: 2026-04-30.
• Awards: 59.801 DEUs @ $43.57 ($2,606) and 28.221 DEUs @ $43.57 ($1,230); total 88.022 DEUs valued at ~$3,836.
• Nature: Derivative award (code A) — dividend equivalent units accrued on prior RSUs/DSUs.
• Shares owned after transaction: Not specified in the provided filing extract.
• Filing timeliness: Reported two days after the transaction (appears timely based on provided dates).
• Footnote: The DEUs will vest and be settled on the same terms and conditions as the original RSUs/DSUs; each DEU represents the right to receive one share subject to vesting. Numbers rounded to four decimal places.

Context
DEUs are compensation adjustments that credit the holder with the economic equivalent of dividends on unvested RSUs/DSUs; they become actual shares only if and when the related RSUs/DSUs vest and are settled. This transaction is a compensation-related award rather than a market purchase or sale and should be read as part of director compensation disclosures, not a direct buy/sell signal.