Form 4: International Paper SVP Sells Shares in Divestiture

International Paper's Senior Vice President, Clay R. Ellis, disposed of 18,819 shares of common stock as part of an administrative liquidation related to the Global Cellulose Fibers business divestiture.

Summary

• Clay R. Ellis, Senior Vice President of International Paper Company, reported a disposition of common stock.
• The transaction occurred on November 18, 2025.
• A total of 18,819 shares of Common Stock were disposed of at a price of $36.85 per share.
• The total value of the transaction is approximately $693,499.15.
• Following this transaction, Clay R. Ellis beneficially owns 68,632 shares of Common Stock directly.
• The disposition was an administrative liquidation of company stock held in the International Paper Company Salaried Savings Plan.
• This liquidation was part of the company's planned divestiture of its Global Cellulose Fibers business to American Industrial Partners (AIP) and was not a discretionary action by the employee.

Sentiment

Score: 5

Explanation: Neutral. This is a mandatory disclosure of an administrative transaction, not indicative of positive or negative sentiment towards the company's performance or stock. The transaction is a consequence of a broader company divestiture.

Future Outlook

The filing indicates that the disposition of shares was an administrative step related to the company's planned divestiture of its Global Cellulose Fibers business to American Industrial Partners, suggesting ongoing strategic restructuring efforts.

Industry Context

The reported transaction is a consequence of International Paper's strategic decision to divest its Global Cellulose Fibers business, a move that could allow the company to streamline operations and focus on its core packaging and paper segments. Such divestitures are common in the industry as companies seek to optimize their portfolios and enhance shareholder value.

Stakeholder Impact

• Shareholders: The transaction is an administrative step related to a broader company divestiture, which could impact the company's strategic direction and financial profile. The specific transaction itself has minimal direct impact.
• Employees: The divestiture of the Global Cellulose Fibers business could have implications for employees within that segment, though this filing does not provide details.

Next Steps

• Completion of the planned divestiture of the Global Cellulose Fibers business to American Industrial Partners.

Key Dates

Keywords

International Paper, IP, Form 4, Insider Transaction, Stock Sale, Executive Compensation, Divestiture, Global Cellulose Fibers, American Industrial Partners, Clay R. Ellis