Form 4: International Paper Director Ilene S. Gordon Reports Acquisition of Shares
SEC Form 4 Filing
Director Ilene S. Gordon reports acquisition of 7,958 shares of International Paper common stock as part of director compensation.
Summary
- Ilene S. Gordon, a director of International Paper, reported acquiring 7,958 shares of common stock on May 13, 2024.
- These shares were awarded as compensation for her service as a director for the 2024-2025 performance year.
- The shares will become unrestricted on May 13, 2025, or upon certain events such as death, disability, retirement, or resignation with board consent.
- Following the transaction, Gordon beneficially owns 93,363 shares of International Paper common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction related to director compensation, indicating alignment of interests between the director and the company's shareholders.
Positives
- The acquisition of shares reflects continued alignment of the director's interests with the company's performance.
- Director compensation in the form of shares can incentivize long-term value creation.
Future Outlook
The document does not contain specific forward-looking statements regarding the company's future performance, focusing instead on the reporting of a transaction related to director compensation.
Industry Context
Director share acquisitions are a common practice in publicly traded companies to align the interests of board members with those of shareholders. This filing is a routine disclosure required by the SEC.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders by aligning director interests with company performance.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of transaction: Ilene S. Gordon acquired 7,958 shares of International Paper common stock. |
| 05/13/2025 | Date shares become free of restrictions and non-forfeitable, contingent on continued service. |
| 05/15/2024 | Date of signature on the Form 4 filing. |
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