Ferguson Kevin W 4
Research Summary
AI-generated summary
Sylvamo VP Kevin W. Ferguson Receives Award of 70.192 Shares
What Happened
Kevin W. Ferguson, Vice President, Controller and Chief Accounting Officer of Sylvamo Corporation, was credited with 70.192 derivative shares (dividend-equivalent units) on April 28, 2026. The units are valued at $43.57 each, totaling about $3,058. This was an award/acquisition (derivative), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-04-28; filing date: 2026-04-30 (filed within the standard 2-business-day Form 4 window).
- Instrument: Dividend Equivalent Units (DEUs) on previously granted RSUs (transaction code A — award/acquisition).
- Quantity and price: 70.192 DEUs @ $43.57 per share; reported total value ≈ $3,058.
- Shares owned after transaction: Not specified in the filing.
- Footnote: DEUs represent the right to receive one share of Sylvamo common stock per DEU, will vest and settle on the same terms as the underlying RSUs, and the DEU count is rounded to four decimal places.
Context
DEUs are a derivative award that tracks dividends on unvested RSUs; they do not represent immediately tradable stock until vested/settled. Awards like this are typically part of executive compensation and do not by themselves indicate insider buying or selling intent. The economic value here is modest (~$3k).