Form 4: International Paper Director Ahmet C. Dorduncu Reports Share Award and Tax Withholding
SEC Form 4 Filing
Director Ahmet C. Dorduncu reports the acquisition of 3,953 shares of International Paper common stock as part of director compensation and the subsequent withholding of 1,268 shares for tax obligations.
Summary
- On May 12, 2025, Ahmet C. Dorduncu, a director of International Paper, was awarded 3,953 shares of common stock as compensation for serving as a director for the 2025-2026 service year.
- These shares are subject to restrictions and will become non-forfeitable on the earliest of May 12, 2026, death, disability, retirement, or resignation with Board consent.
- On May 13, 2025, 1,268 shares were withheld to cover tax liabilities related to the vesting of a previous award for the 2024-2025 service year at a price of $47.91 per share.
- Following these transactions, Dorduncu directly owns 40,095 shares of International Paper common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and aligns director interests with shareholders.
Positives
- The director's share ownership aligns his interests with those of other shareholders.
Future Outlook
The awarded shares will vest on May 12, 2026, contingent on continued service as a director.
Industry Context
This filing is a routine disclosure related to director compensation, which is a common practice among publicly traded companies. It provides transparency regarding the alignment of director interests with shareholder value.
Comparison to Industry Standards
- Director compensation packages often include stock awards to align director and shareholder interests, similar to practices at companies like WestRock and Packaging Corporation of America.
- The vesting schedule of the shares is typical, with vesting contingent on continued service, which is a standard practice in corporate governance.
Stakeholder Impact
- Shareholders may view the director's increased stake in the company positively, as it aligns his interests with theirs.
- The tax withholding has no direct impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 05/12/2025 | Director Ahmet C. Dorduncu awarded 3,953 shares of International Paper common stock for the 2025-2026 service year. |
| 05/13/2025 | 1,268 shares withheld for payment of tax liability from the vesting of the award for the 2024-2025 service year. |
| 05/14/2025 | Date of signature for the Form 4 filing. |
| 05/12/2026 | Date when the awarded shares become free of restrictions and non-forfeitable, contingent on continued service. |
Keywords
Form 4, Director Compensation, Share Award, Tax Withholding, International Paper, IP, Dorduncu, Director
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