Form 4: International Paper Director Sells 600 Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Kathryn D. Sullivan, a director at International Paper, sold 600 shares of common stock on July 15, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On July 15, 2024, Kathryn D. Sullivan, a director at International Paper, sold 600 shares of the company's common stock.
- The sale was executed at a price of $43.68 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on November 14, 2023.
- Following the transaction, Sullivan beneficially owns 42,202 shares of International Paper common stock, including previously credited dividend equivalents.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding a pre-planned stock sale, so it carries a neutral sentiment.
Industry Context
Insider transactions are routinely monitored by investors as they can provide signals, though sales under 10b5-1 plans are less informative due to their pre-arranged nature.
Stakeholder Impact
- The sale of shares by a director could have a minor psychological impact on shareholders, but the pre-planned nature of the sale mitigates this.
Key Dates
| Date | Description |
|---|---|
| 2023-11-14 | Date of adoption of Rule 10b5-1 trading plan |
| 2024-07-15 | Date of stock sale transaction |
| 2024-07-16 | Date of Form 4 filing |
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