Form 4: International Paper Director Connor Receives Stock Units for Board Service

Director Christopher M. Connor of International Paper received 8,930 restricted stock units for his service on the board for the 2024-2025 performance year.

Summary

• Christopher M. Connor, a director at International Paper, received 8,930 restricted stock units on May 13, 2024.
• These units were awarded for his service as a director for the 2024-2025 performance year.
• The restricted stock units are settled in cash on January 1 following the year in which Connor terminates service as a director.
• Connor also indirectly owns 68,818 shares of International Paper common stock through a plan, including previously credited dividend equivalents.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally. The sentiment is slightly positive as it indicates continued board service and alignment of interests.

Positives

• The awarding of restricted stock units aligns the director's interests with the company's performance.
• The director's compensation includes dividend equivalents, further aligning interests with shareholders.

Industry Context

This is a standard practice for compensating board members in publicly traded companies, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity.
• Companies like WestRock and Smurfit Kappa also use restricted stock units as part of their director compensation plans.
• The amount of equity granted is generally benchmarked against peer companies of similar size and industry.

Stakeholder Impact

• Shareholders may view this as a positive sign, indicating that the director is incentivized to act in their best interests.
• The compensation structure can impact employee morale as it reflects the company's approach to rewarding leadership.

Key Dates