Form 4: International Paper Director Tozier Scott Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Director Scott Tozier reports acquisition of 7,532 restricted stock units in International Paper, awarded for service as a director.
Summary
- Scott Tozier, a director at International Paper, reported the acquisition of 7,532 restricted stock units on June 12, 2024.
- These units were awarded for service as a director for the 2024-2025 performance year, covering June 2024 to April 2025.
- The restricted stock units are held in the Restricted Stock and Deferred Compensation Plan for Non-Employee Directors and represent one share of International Paper Common Stock each.
- The units will be settled in cash on January 1 following the year in which Tozier terminates service as a director.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and ongoing relationship between the director and the company. This is generally viewed neutrally to positively.
Positives
- The acquisition of restricted stock units aligns the director's interests with the company's performance.
- The compensation structure incentivizes continued service and commitment from the director.
Future Outlook
The restricted stock units will be settled in cash on January 1 following the year in which the reporting person terminates service as a director.
Industry Context
Reporting of stock transactions by company insiders is standard practice and provides transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding director compensation.
- The compensation structure incentivizes the director to act in the best interests of the company and its stakeholders.
Key Dates
| Date | Description |
|---|---|
| 06/12/2024 | Date of transaction: Acquisition of restricted stock units. |
| 06/13/2024 | Date of signature by Attorney-in-Fact. |
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