Form 4: International Paper Executive Reports Stock Transactions
SEC Form 4 Filing
Timothy S. Nicholls, a Senior Vice President at International Paper, reports the acquisition and disposal of company stock, including shares withheld for tax obligations and shares held through a savings plan.
Summary
- Timothy S. Nicholls, a Senior Vice President at International Paper, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On February 10, 2025, Nicholls acquired 89,099 shares of common stock related to Performance Share Units (PSUs) earned under the 2022-2024 Performance Share Plan.
- Also on February 10, 2025, 34,096 shares were disposed of to cover tax obligations at a price of $56.07 per share.
- Nicholls directly owns 246,725 shares of International Paper common stock following these transactions.
- Additionally, Nicholls indirectly owns 6,923 shares through the International Paper Company Salaried Savings Plan as of January 31, 2025.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are closely monitored by investors for insights into management's perspective on the company's performance and future prospects.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| January 1, 2022 | Grant date of Performance Share Units under the 2022-2024 Performance Share Plan. |
| January 31, 2025 | Date of plan statement for shares held through the International Paper Company Salaried Savings Plan. |
| February 10, 2025 | Date of stock acquisition and disposal transactions. |
| February 12, 2025 | Date of Form 4 filing. |
Keywords
Form 4, International Paper, Nicholls, Stock Transactions, Beneficial Ownership, PSUs, Tax Obligations, Salaried Savings Plan
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