Form 4: International Paper Executive Reports Stock Transactions to Cover Tax Obligations
SEC Form 4 Filing
Holly G. Goughnour, Vice President & Controller of International Paper, reports the disposal of shares to cover tax obligations related to vesting restricted stock units.
Summary
- Holly G. Goughnour, Vice President & Controller of International Paper, filed a Form 4 detailing changes in beneficial ownership.
- On February 3, 2025, Ms. Goughnour disposed of 461 shares of common stock at $55.63 per share to cover tax obligations related to the vesting of the second tranche of the 2023 Restricted Stock Unit Award.
- She also disposed of 398 shares at $55.63 per share to cover tax obligations related to the vesting of the first tranche of the 2024 Restricted Stock Unit Award.
- Following these transactions, Ms. Goughnour directly owns 18,963 shares and indirectly owns 6,454 shares through the International Paper Company Salaried Savings Plan.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 2023-01-01 | Date of grant for the 2023 Restricted Stock Unit Award. |
| 2024-01-01 | Date of grant for the 2024 Restricted Stock Unit Award. |
| 2025-01-31 | Date of plan statement for International Paper Company Salaried Savings Plan. |
| 2025-02-03 | Date of stock disposal transactions. |
| 2025-02-04 | Date of signature for the Form 4 filing. |
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