Form 4: International Paper Executive Sells Shares to Cover Tax Obligations

Timothy S. Nicholls, a Senior Vice President at International Paper, disposed of shares to cover tax obligations related to vesting restricted stock units.

Summary

• On February 3, 2025, Timothy S. Nicholls, a Senior Vice President at International Paper, disposed of 1,541 shares of common stock at $55.63 per share to cover tax obligations related to the vesting of restricted stock units.
• He also disposed of 1,350 shares at the same price for similar tax obligations.
• Following these transactions, Nicholls directly owns 191,722 shares and indirectly owns 6,923 shares through the International Paper Company Salaried Savings Plan and 38,026 common stock units through the International Paper Company Deferred Compensation Savings Plan.
• The shares disposed of were related to the vesting of the second tranche of the 2023 Restricted Stock Unit Award and the first tranche of the 2024 Restricted Stock Unit Award.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (disposal of shares for tax obligations) and doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The disposal of shares by an executive could be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the transaction, but in this case it is for tax obligations.

Key Dates