Form 4: International Paper Executive James P. Royalty, Jr. Reports Stock Sale and Holdings Adjustment
SEC Form 4 Filing
Senior Vice President James P. Royalty, Jr. of International Paper reports selling shares and correcting a previous understatement of holdings.
Summary
- James P. Royalty, Jr., a Senior Vice President at International Paper, filed a Form 4 detailing changes in beneficial ownership.
- On February 28, 2024, Royalty sold 5,800 shares of common stock at a weighted average price of $34.75.
- The sale was executed in multiple transactions with prices ranging from $34.69 to $34.81.
- Royalty also reported holding 30,572 shares indirectly through the International Paper Salaried Savings Plan.
- A review identified an understatement of 3,317 shares in previous filings, which has been corrected.
- Following the reported transactions, Royalty directly owns 69,488 shares and indirectly owns 30,572 shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, but the correction of previously understated holdings provides more accurate information.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of stock sale and plan statement for shares held through the International Paper Salaried Savings Plan. |
| 03/01/2024 | Date of signature for the report. |
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