Form 4: International Paper Executive Holly G. Goughnour Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Holly G. Goughnour, Vice President & Controller of International Paper, reports acquisition and disposal of company stock, including shares withheld for tax obligations and shares held through the company's Salaried Savings Plan.
Summary
- On February 10, 2025, Holly G. Goughnour, Vice President & Controller of International Paper, reported changes in beneficial ownership of International Paper stock.
- She acquired 13,301 shares of common stock related to Performance Share Units (PSUs) earned under the 2022-2024 Performance Share Plan, with a value of $0.
- She also disposed of 3,239 shares of common stock to cover tax obligations at a price of $56.07 per share.
- Following these transactions, Goughnour directly owns 29,025 shares and indirectly owns 6,454 shares through the International Paper Company Salaried Savings Plan as of January 31, 2025.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing primarily reports routine transactions related to compensation and tax obligations. It doesn't inherently indicate positive or negative sentiment about the company's future performance.
Positives
- The acquisition of 13,301 shares indicates that performance goals were met under the 2022-2024 Performance Share Plan.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Comparison to Industry Standards
- Monitoring insider transactions is a common practice in financial analysis.
- Comparing the volume and nature of insider transactions (purchases vs. sales) to those of peers like WestRock or Smurfit Kappa can provide insights into management's confidence in the company's prospects relative to the industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly diluting or increasing the number of outstanding shares.
- Employees participating in the Salaried Savings Plan are indirectly affected by the performance of International Paper stock.
Key Dates
| Date | Description |
|---|---|
| January 1, 2022 | Date of PSU grant under the 2022-2024 Performance Share Plan |
| January 31, 2025 | Date of plan statement for International Paper Company Salaried Savings Plan |
| February 10, 2025 | Date of transaction (acquisition and disposal of shares) |
| February 12, 2025 | Date of signature on the Form 4 filing |
Keywords
beneficial ownership, International Paper, Form 4, stock, Goughnour, PSUs, shares, IP
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