Form 4: International Paper Director David A. Robbie Reports Share Award and Tax Withholding

Director David A. Robbie reports the acquisition of shares awarded for board service and the subsequent withholding of shares for tax obligations.

Summary

• On May 12, 2025, David A. Robbie, a director of International Paper, was awarded 3,953 shares of common stock for his service as a director for the 2025-2026 service year.
• These shares will become unrestricted on May 12, 2026, or upon certain events such as death, disability, retirement, or resignation with board consent.
• The reported amount includes previously credited dividend equivalents acquired through the company's Long-Term Incentive Plan.
• On May 13, 2025, 317 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, Robbie beneficially owns 8,547 shares of International Paper common stock.

Sentiment

Score: 5

Explanation: The document reflects standard insider trading disclosures related to compensation and tax obligations, indicating a neutral sentiment.

Positives

• The award of shares to a director aligns their interests with those of the shareholders.
• Dividend reinvestment feature of the Long-Term Incentive Plan allows for accumulation of additional shares.

Future Outlook

The awarded shares will vest on May 12, 2026, subject to continued service or other specified events.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders, such as directors and officers, in the company's securities. This allows investors to monitor insider activity, which can provide insights into management's perspective on the company's performance and prospects.

Comparison to Industry Standards

• Director compensation packages often include stock awards to align director interests with shareholder value, a common practice among publicly traded companies.
• Tax withholding on vesting shares is a standard procedure in equity compensation.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding director compensation and insider transactions.

Key Dates

Keywords

Form 4, Director, David A. Robbie, International Paper, Share Award, Tax Withholding, Beneficial Ownership, Dividend Equivalents, Long-Term Incentive Plan