Desmond Jeanmarie F. 4
Research Summary
AI-generated summary
Sylvamo (SLVM) Director Desmond Jeanmarie Receives 80.809-Share Award
What Happened
- Desmond Jeanmarie, a member of Sylvamo Corporation’s board of directors, was granted 80.809 dividend-equivalent units (DEUs) on April 28, 2026. The filing reports an acquisition value of $43.57 per unit, totaling about $3,521. The transaction is coded as an award (A) and is reported as a derivative acquisition.
Key Details
- Transaction date: 2026-04-28; filing date: 2026-04-30 (timely filing).
- Quantity and price: 80.809 DEUs at $43.57 each; total ≈ $3,521.
- Transaction type/code: Award (A) — derivative instruments (DEUs).
- Shares owned after transaction: Not specified in the provided report.
- Footnote: DEUs represent the right to receive one share per unit (subject to vesting) and were credited in connection with a dividend on Sylvamo common stock. DEUs will vest and be settled on the same terms as the original RSUs/DSUs; the number was rounded to four decimal places.
Context
- These DEUs are dividend equivalents tied to previously granted restricted stock or deferred stock units — not an open‑market purchase or sale. They indicate additional compensation/crediting tied to dividends and do not by themselves signal a buy/sell decision.