Form 4: International Paper Director Vincent V. Anton Acquires Restricted Stock Units

Director Vincent V. Anton acquired 7,958 restricted stock units of International Paper on May 13, 2024, for service as a director.

Summary

• On May 13, 2024, Vincent V. Anton, a director of International Paper, acquired 7,958 restricted stock units (RSUs) of International Paper Common Stock.
• The RSUs were awarded for service as a director for the 2024-2025 performance year.
• These units are settled in cash on January 1 following the year in which the reporting person terminates service as a director.
• Following the transaction, Anton beneficially owns 33,123 derivative securities, including previously credited dividend equivalents acquired through a dividend reinvestment feature.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and aligns director interests with company performance.

Positives

• The acquisition of restricted stock units aligns the director's interests with the company's performance.
• Dividend equivalents are reinvested, potentially increasing the value of the holdings over time.

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

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Comparing Anton's holdings and transactions to those of other directors in similar companies (e.g., Packaging Corporation of America, WestRock) would provide context on the scale of his investment and alignment with company performance.
• Benchmarking the dividend reinvestment feature against industry norms can reveal whether International Paper's compensation practices are competitive.

Stakeholder Impact

• The transaction signals continued commitment from a key director, which can positively influence shareholder confidence.
• Employees may view this as a positive sign of leadership stability.

Key Dates