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

Director Christopher M. Connor of International Paper Co. was awarded 8,516 restricted stock units for his service as a director for the 2025-2026 service year.

Summary

• Christopher M. Connor, a director at International Paper Co., received 8,516 restricted stock units on May 12, 2025.
• These units were awarded for his service as a director for the 2025-2026 service year.
• The restricted stock units represent one share of International Paper Company common stock each.
• The units will be settled in cash on January 1 following the year in which Connor terminates service as a director.
• Connor also indirectly owns 79,747 shares through a plan, which includes previously credited dividend equivalents.

Sentiment

Score: 7

Explanation: The document reflects a routine director compensation disclosure, which is generally neutral to positive as it aligns director interests with shareholders.

Positives

• The awarding of restricted stock units aligns the director's interests with those of the shareholders.
• The dividend reinvestment feature of the Company's Long-Term Incentive Plan allows for the accumulation of additional shares.

Future Outlook

The restricted stock units will be settled in cash on January 1 following the year in which the reporting person terminates service as a director.

Industry Context

Director compensation through stock grants is a common practice in publicly traded companies to align the interests of directors with those of shareholders. This Form 4 filing provides transparency into the compensation structure for International Paper's directors.

Comparison to Industry Standards

• Stock grants are a typical component of director compensation packages in publicly traded companies.
• Companies like WestRock and Smurfit Kappa also utilize stock-based compensation for their board members.
• The specific number of shares granted and the vesting schedules vary based on company size, performance, and industry standards.

Stakeholder Impact

• Shareholders: Provides transparency regarding director compensation.
• Employees: No direct impact.
• Customers: No direct impact.
• Suppliers: No direct impact.
• Creditors: No direct impact.

Key Dates

Keywords

International Paper, Director Compensation, Restricted Stock Units, Form 4, Beneficial Ownership, Connor, Dividends