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 $48.68 per share on September 30, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On September 30, 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 $48.68 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on November 14, 2023.
• Following the transaction, Sullivan beneficially owns 39,545 shares of International Paper common stock, including previously credited dividend equivalents.
• The reported amount includes dividend equivalents acquired through the company's Long-Term Incentive Plan, which vest at the same time as the related award.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was conducted under a pre-arranged 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 as they can provide insights into a company's prospects, although sales under pre-arranged plans like Rule 10b5-1 are less indicative of immediate 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