Form 4: International Paper Executive Sells Shares on September 12, 2024
SEC Form 4 Filing
Joseph R. Saab, SVP, GC and Corp. Secretary of International Paper, sold 2,440 shares of common stock at an average price of $47.30 on September 12, 2024.
Summary
- On September 12, 2024, Joseph R. Saab, an officer of International Paper Co., sold 2,440 shares of common stock.
- The sale price was $47.30 per share, with individual transactions ranging from $47.27 to $47.34.
- Following the transaction, Saab directly owns 18,668 shares of International Paper common stock.
- Saab also indirectly owns 13,376 shares through the International Paper Company Salaried Savings Plan, based on a plan statement as of September 10, 2024.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a stock sale by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity, which is common among corporate executives. It provides transparency into the buying and selling of company stock by its officers.
Stakeholder Impact
- The sale of shares by an executive could be perceived neutrally or slightly negatively by shareholders, depending on the context and reasons for the sale.
Key Dates
| Date | Description |
|---|---|
| 09/10/2024 | Date of the International Paper Company Salaried Savings Plan statement used for reporting indirect ownership. |
| 09/12/2024 | Date of the transaction: Joseph R. Saab sold 2,440 shares of International Paper common stock. |
| 09/13/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.