Rodrigo Davoli, the Senior Vice President and General Manager of North America for Sylvamo Corp, recently reported a transaction involving dividend equivalent units. This filing, submitted on October 20, 2026, highlights Davoli's ongoing investment in the company and suggests a strong belief in its future performance.
Sylvamo Corp, identified by CIK 0001856485, operates within the paper mills industry. The company is incorporated in Delaware and has its fiscal year ending on December 31. Its business address is located at 6077 Primacy Parkway, Memphis, TN.
The filing indicates that on October 16, 2026, Davoli acquired 128.6377 dividend equivalent units at a price of $32.77 per unit. Following this transaction, he now holds a total of 1,743.1158 shares of Sylvamo Corp common stock. The filing states, "Consists of dividend equivalent units (DEUs) accrued on restricted stock units (RSUs) previously granted to the Reporting Person." This means that the DEUs will vest and be settled under the same terms as the original RSUs.
This update may have implications for Sylvamo Corp's stakeholders, as it reflects Davoli's commitment to the company's growth and stability. Such transactions can influence investor sentiment and perceptions about the company's performance in the competitive paper mills industry.
The filing does not say what happens next.