March 1, 2024 · Form 4 insider transaction
Kalman Hirschfeld Tatiana sold 836.64 shares of Sylvamo Corporation at $60.41 per share, a transaction worth $50.5K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 4 days after the transaction.
Represents shares withheld for taxes in connection with vesting of RSUs. The deemed disposition of the withheld shares is exempt pursuant to Rule 16b-3(e). The grant of the RSUs that vested was previously reported on a Form 4 filed with the U.S. Securities and Exchange Commission on July 6, 2023. Such grant vests, subject to the reporting person's continued service, one-third on each of March 1, 2024, March 1, 2025, and March 1, 2026. Accelerated vesting of a prorated number of the RSUs would occur, based upon length of service during the RSU vesting period and subject to the RSU award terms and conditions, upon employment termination resulting in severance rights, resulting from a business divestiture, or due to death, disability or retirement.