Form 4: International Paper Director Kathryn D. Sullivan Sells 600 Shares Under 10b5-1 Plan

Kathryn D. Sullivan, a director at International Paper, sold 600 shares of common stock at $49.48 per share on September 16, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On September 16, 2024, Kathryn D. Sullivan, a director of International Paper, sold 600 shares of the company's common stock.
• The sale was executed at a price of $49.48 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on November 14, 2023.
• Following the transaction, Sullivan beneficially owns 39,802 shares of International Paper common stock, including previously credited dividend equivalents.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine stock sale under a pre-arranged trading plan, with no indication of positive or negative implications for the company.

Industry Context

Insider sales are a common occurrence and are often viewed in the context of overall market conditions and company performance. Sales under 10b5-1 plans are generally less impactful as they are pre-arranged.

Stakeholder Impact

• The sale of shares by a director could have a minor psychological impact on shareholders, but the effect is likely minimal due to the pre-planned nature of the transaction.

Key Dates