Sylvamo (SLVM) Director Christine Breves Receives 112.45-Share Award

What Happened

• Christine S. Breves, a Sylvamo Corp. director, received two awards of dividend-equivalent units (DEUs) on 2026-07-28: 67.638 DEUs at $38.92 each (valued at $2,632) and 44.815 DEUs at $38.92 each (valued at $1,744), totaling 112.453 DEUs (~$4,376). These are derivative awards (code A) tied to previously granted restricted stock units (RSUs) and/or deferred stock units (DSUs), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-28; Form 4 filed: 2026-07-30 (timely).
• Prices/value reported: $38.92 per share; $2,632 and $1,744 respectively; combined ~$4,376.
• Shares received: 67.638 and 44.815 (total 112.453); numbers rounded to four decimal places per footnote.
• Shares owned after transaction: not specified in this filing.
• Footnote: The amounts are dividend equivalent units (DEUs) accrued on previously granted RSUs/DSUs; each DEU represents the right to receive one share subject to the original award’s vesting and settlement terms.

Context

• DEUs are compensation adjustments reflecting dividends and will convert to actual shares only if and when the underlying RSUs/DSUs vest—this is a routine director compensation event rather than a market buy/sell. It should be viewed as an award tied to prior grants, not an independent bullish purchase signal.