Form 4: International Paper Director Hinman Receives Stock Award for Board Service

Director Jacqueline C. Hinman of International Paper Co. received 8,476 shares of common stock as compensation for her service on the board for the 2024-2025 performance year.

Summary

• Jacqueline C. Hinman, a director at International Paper Co., received 8,476 shares of common stock on May 13, 2024.
• The shares were awarded for her service as a director for the 2024-2025 performance year.
• These shares will become unrestricted on the earliest of May 13, 2025, death, disability, retirement, or resignation with Board consent.
• Resignation without Board consent would result in a pro-rata reduction of the award based on service length.
• Following the transaction, Ms. Hinman beneficially owns 58,862 shares of International Paper Co.
• This total includes previously credited dividend equivalents acquired through the company's Long-Term Incentive Plan, which vest at the same time as the related award.

Sentiment

Score: 7

Explanation: The document reflects a standard corporate governance practice of compensating directors with stock, which is generally viewed positively as it aligns interests with shareholders. There are no indications of negative sentiment.

Positives

• The stock award aligns the director's interests with those of the shareholders.
• The vesting schedule incentivizes continued service on the board.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting schedule implies an expectation of continued service by the director.

Industry Context

Director compensation through stock awards is a common practice in publicly traded companies to align the interests of board members with those of shareholders. The vesting schedule is typical for such awards.

Comparison to Industry Standards

• Stock awards for board members are a standard practice among publicly traded companies, including competitors like WestRock and Smurfit Kappa.
• The amount of stock awarded is likely determined by a compensation committee and benchmarked against peer companies to ensure competitive compensation for board service.
• Vesting schedules are also standard, often tied to continued service to incentivize long-term commitment.

Stakeholder Impact

• The stock award aligns the director's interests with those of the shareholders, potentially leading to better decision-making for the company's long-term success.

Key Dates