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 $34.06 per share on February 28, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On February 28, 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 $34.06 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted by Sullivan on November 14, 2023.
• Following the transaction, Sullivan directly owns 42,584 shares of International Paper common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock sale by a company director. It doesn't inherently convey positive or negative sentiment, as it's simply a report of a transaction.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific non-public information.

Stakeholder Impact

• The sale of shares by a director could have a minor negative impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider information.

Key Dates