Form 4: International Paper Director Kathryn D. Sullivan Reports Acquisition of Shares

Kathryn D. Sullivan, a director at International Paper, reported the acquisition of 6,091 shares of common stock on May 13, 2024, as part of director compensation.

Summary

• On May 13, 2024, Kathryn D. Sullivan, a director of International Paper, acquired 6,091 shares of the company's common stock.
• These shares were awarded as compensation for her service as a director for the 2024-2025 performance year.
• The shares will become unrestricted on the earliest of May 13, 2025, death, disability, retirement, or resignation with Board consent.
• Following the transaction, Sullivan beneficially owns 46,679 shares of International Paper common stock.

Sentiment

Score: 7

Explanation: The document reflects a neutral event (director share acquisition as part of compensation). It's a standard practice and doesn't indicate any significant positive or negative sentiment.

Positives

• The acquisition of shares reflects continued alignment of the director's interests with those of the shareholders.
• Director compensation in the form of shares can incentivize long-term value creation.

Industry Context

This filing is a routine disclosure related to insider transactions and director compensation, common in publicly traded companies. It provides transparency to investors regarding the holdings of company insiders.

Comparison to Industry Standards

• Director compensation packages often include stock awards to align director interests with shareholder value.
• The vesting schedule of the shares is typical, with vesting occurring after a service period or upon certain events.
• Companies like WestRock and Smurfit Kappa also utilize stock awards as part of their director compensation.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with shareholder value.

Key Dates