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

Kathryn D. Sullivan, a director at International Paper, sold 600 shares of company stock at $58.39 per share under a pre-arranged 10b5-1 trading plan.

Summary

• Kathryn D. Sullivan, a director at International Paper, sold 600 shares of common stock on November 29, 2024.
• The sale was executed at a price of $58.39 per share.
• This transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on November 14, 2023.
• Following the transaction, Sullivan beneficially owns 37,145 shares of International Paper stock, which includes previously credited dividend equivalents.
• Dividend equivalents vest at the same time as the award to which they relate.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to a pre-planned stock sale by a director. It does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine filing related to insider trading activity and is common for directors of publicly traded companies. The use of a 10b5-1 plan is a common practice to avoid accusations of insider trading.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a standard practice among corporate executives and directors to manage their stock sales while avoiding potential insider trading issues.
• Similar filings are regularly made by directors and officers of other publicly traded companies across various industries, including those in the paper and packaging sector.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on shareholder sentiment, but is unlikely to have a significant effect due to the pre-planned nature of the transaction.

Key Dates

Keywords

International Paper, insider trading, Form 4, stock sale, 10b5-1 plan, director, equity securities