Form 4: International Paper Director Sells 600 Shares Under 10b5-1 Trading Plan

Kathryn D. Sullivan, a director at International Paper, sold 600 shares of common stock at $48.08 per share under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On October 15, 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 $48.08 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on November 14, 2023.
• Following the transaction, Sullivan directly owns 38,945 shares of International Paper common stock, including dividend equivalents acquired through the company's Long-Term Incentive Plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was pre-planned under a 10b5-1 trading plan and doesn't necessarily reflect the director's current view of the company's prospects.

Industry Context

Insider transactions are routinely monitored by investors to gauge sentiment about a company's prospects, although sales under 10b5-1 plans are often pre-scheduled and may not reflect current sentiment.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates