Form 4: International Paper Director Scott Tozier Reports Acquisition of Restricted Stock Units

Director Scott Tozier reports acquisition of 7,838 restricted stock units of International Paper Company common stock.

Summary

• Scott Tozier, a director of International Paper Company, reported the acquisition of 7,838 restricted stock units on May 12, 2025.
• These units were awarded for service as a director for the 2025-2026 service year.
• The restricted stock units represent one share of International Paper Company common stock each.
• The units are settled in cash on January 1 following the year in which the reporting person terminates service as a director.
• The total amount of derivative securities beneficially owned following the reported transaction is 15,653, which includes previously credited dividend equivalents.
• Dividend equivalents are acquired pursuant to a dividend reinvestment feature of the Company's Long-Term Incentive Plan and vest at the same time as the award to which they relate.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices, indicating confidence in the company's future.

Positives

• The acquisition of restricted stock units aligns the director's interests with those of the shareholders.
• The dividend reinvestment feature of the Company's Long-Term Incentive Plan allows for the accumulation of additional shares.

Future Outlook

The restricted stock units will be settled in cash on January 1 following the year in which the reporting person terminates service as a director.

Industry Context

This filing is a routine disclosure related to director compensation and aligns with standard practices for publicly traded companies.

Comparison to Industry Standards

• Director compensation packages often include restricted stock units to align director and shareholder interests.
• Companies like WestRock and Smurfit Kappa also utilize similar equity-based compensation for their board members.
• The vesting and settlement terms are typical for such awards, often tied to continued service and settled in cash or shares upon departure.

Stakeholder Impact

• Shareholders may view this as a positive sign, indicating that the director's interests are aligned with theirs.
• Employees may see this as a standard part of executive compensation.

Key Dates

Keywords

International Paper, Director, Scott Tozier, Restricted Stock Units, Beneficial Ownership, Form 4, Dividend Equivalents, Compensation, Securities, IP