Form 4: International Paper Executive VP William Hamic Reports Stock Transactions
SEC Form 4 Filing
Executive VP of International Paper, William Hamic, reports acquisition and disposal of company stock, including performance share units and shares withheld for tax obligations.
Summary
- William Hamic, Executive VP & President of International Paper, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On February 10, 2025, Hamic acquired 32,597 shares of common stock related to performance share units (PSUs) earned under the 2022-2024 Performance Share Plan.
- Also on February 10, 2025, 11,629 shares were disposed of to cover tax obligations at a price of $56.07 per share.
- Following these transactions, Hamic directly owns 118,887 shares of International Paper common stock.
- Additionally, Hamic indirectly owns 1,065 shares through the International Paper Company Salaried Savings Plan as of January 31, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions and doesn't convey any particular positive or negative outlook.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for corporate insiders in publicly traded companies, ensuring transparency and compliance with SEC regulations.
- Similar filings are made by executives at comparable companies like WestRock, Packaging Corporation of America, and Smurfit Kappa, reflecting their individual stock ownership and transactions.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the stock transactions of a key executive.
- The transactions related to tax obligations may have a minor impact on the overall share supply.
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 signature for the Form 4 filing. |
Keywords
International Paper, William Hamic, Form 4, Stock Transactions, Beneficial Ownership, Performance Share Units, Tax Obligations, Salaried Savings Plan
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