Form 4: International Paper Exec Reports Routine Tax Withholding
Insider Transaction Report
International Paper Executive Vice President William T. Hamic reported routine share dispositions to cover tax obligations related to restricted stock unit vesting.
Summary
- William Thomas Hamic, Executive Vice President and President of International Paper Co., filed a Form 4 to report changes in beneficial ownership.
- On February 1, 2026, 1,271 shares of Common Stock were disposed of at $40.32 per share to cover tax obligations related to the vesting of the third tranche of the 2023 Restricted Stock Unit Award.
- On the same date, an additional 1,406 shares of Common Stock were disposed of at $40.32 per share to cover tax obligations related to the vesting of the second tranche of the 2024 Restricted Stock Unit Award.
- Following the first reported transaction, Hamic's direct beneficial ownership was 116,205 shares.
- Following the second reported transaction, Hamic's direct beneficial ownership was 117,476 shares.
- Hamic also holds 1,112 shares indirectly through the International Paper Salaried Savings Plan.
- Additionally, Hamic holds 14,933 common stock units indirectly in the non-funded International Paper Company Deferred Compensation Savings Plan, which will be settled in cash upon termination of employment.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event. The filing reports routine tax-related share dispositions following RSU vesting, which is a standard part of executive compensation and does not indicate a change in company fundamentals or executive sentiment.
Positives
- The transactions represent the vesting of previously granted restricted stock units, indicating the executive is realizing equity compensation.
- The dispositions are for tax withholding, which is a standard and expected part of equity compensation plans.
Negatives
- No direct negatives for the company's operational performance are indicated by this routine insider transaction.
Future Outlook
No forward-looking statements or guidance are provided in this Form 4 filing, which is solely for reporting insider transactions.
Industry Context
StockSavvy.ai notes that routine Form 4 filings for tax-related share dispositions are common across all industries for executives receiving equity compensation. This filing does not provide specific insights into International Paper's operational performance or industry trends, but rather reflects standard executive compensation practices.
Comparison to Industry Standards
- This Form 4 reports a standard practice of share withholding for tax purposes upon the vesting of restricted stock units, which is a common mechanism for equity compensation in publicly traded companies.
- This practice is consistent with compensation structures observed in peer companies within the paper and packaging industry, such as WestRock or Packaging Corporation of America.
- The reported price of $40.32 per share reflects the market value at the time of the transaction.
Stakeholder Impact
- Minimal impact on shareholders as these are routine tax-related transactions and not open-market sales indicating a change in executive confidence.
- Positive impact on the executive (William T. Hamic) as it reflects the realization of equity compensation.
Key Dates
| Date | Description |
|---|---|
| 2023-01-01 | Grant date of the 2023 Restricted Stock Unit Award. |
| 2024-01-01 | Grant date of the 2024 Restricted Stock Unit Award. |
| 2026-01-30 | Date of plan statements for Salaried Savings Plan and Deferred Compensation Savings Plan. |
| 2026-02-01 | Transaction date for share dispositions related to RSU vesting tax obligations. |
| 2026-02-03 | Signature date of the reporting person's attorney-in-fact. |
Keywords
International Paper, IP, Form 4, Insider Transaction, Restricted Stock Units, Executive Compensation, Stock Vesting, Tax Withholding, William T. Hamic
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