Sylvamo Corp has disclosed significant stock transactions involving its director, Christine S. Breves. This filing, made on October 20, 2026, is crucial as it underscores the company's ongoing commitment to its stock-based compensation program.
Sylvamo Corp, classified under the Paper Mills industry (SIC: 2621), operates as a large accelerated filer on the New York Stock Exchange under the ticker SLVM. The company is incorporated in Delaware and has its headquarters in Memphis, Tennessee.
The filing reveals that on October 16, 2026, Breves acquired 81.26 deferred stock units at a price of $32.77 per share. Additionally, she acquired 53.8409 dividend equivalent units, also at the same price per share. Following these transactions, Breves now holds a total of 664.7911 shares of common stock.
This update may impact the company's stakeholders, including shareholders and potential investors, by demonstrating Sylvamo's dedication to aligning executive compensation with shareholder interests. The transactions also reflect broader trends within the paper mills industry regarding executive compensation practices.
The filing does not say what happens next.
Details of the Transactions
The filing indicates that both the deferred stock units and the dividend equivalent units acquired by Breves are part of the Sylvamo Corporation Restricted Stock and Deferred Compensation Plan for Non-Employee Directors. The dividend equivalent units accrued on the restricted stock units and/or deferred stock units previously granted to her, reflecting the company's commitment to rewarding its directors in alignment with shareholder interests.
Following the transactions, Breves holds a total of 664.7911 shares of common stock, which includes 263.9428 shares attributable to the dividend equivalent units. This demonstrates her increasing stake in the company, further aligning her interests with those of shareholders.
Company Information
Sylvamo Corp, with an Employer Identification Number (EIN) of 862596371, is headquartered at 6077 Primacy Parkway, Memphis, Tennessee, and operates under the fiscal year ending on December 31. The company is classified under the Paper Mills industry, with a Standard Industrial Classification (SIC) code of 2621.
The filing does not include information on the overall performance of Sylvamo Corp or any specific plans for future compensation adjustments related to these transactions.