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 $39.91 per share on May 15, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On May 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 $39.91 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on November 14, 2023.
• Following the transaction, Sullivan beneficially owns 46,079 shares of International Paper common stock, including previously credited dividend equivalents.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing regarding a stock sale by a company director. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for corporate insiders to use 10b5-1 plans to sell shares over time to avoid accusations of trading on material non-public information.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but is unlikely to be significant given the relatively small number of shares sold and the existence of a pre-arranged trading plan.

Key Dates