Form 4: International Paper SVP Sells Shares Under 10b5-1 Plan

Joseph R. Saab, SVP, General Counsel, and Corporate Secretary of International Paper, sold 9,000 shares of common stock on September 16, 2025, as part of a pre-arranged trading plan.

Summary

• Joseph R. Saab, SVP, General Counsel, and Corporate Secretary of International Paper Company (IP), reported a sale of common stock.
• The transaction involved the disposition of 9,000 shares of IP common stock.
• The shares were sold on September 16, 2025, at a weighted average price of $45.535 per share.
• The sales occurred in multiple transactions with prices ranging from $45.50 to $45.58.
• Following the reported transaction, Mr. Saab directly beneficially owns 27,673 shares of common stock.
• Additionally, Mr. Saab indirectly beneficially owns 14,394 shares through the International Paper Salaried Savings Plan.
• The transaction was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan.

Sentiment

Score: 5

Explanation: The filing reports a routine insider stock sale under a pre-arranged 10b5-1 plan, which is generally considered neutral. It does not indicate any significant positive or negative developments for the company.

Positives

• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-arranged sale not based on immediate insider information.

Negatives

• An insider sale, even if pre-planned, can sometimes be perceived as a lack of confidence, though this is often a routine liquidity event.

Future Outlook

This Form 4 filing does not provide any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This is a routine insider transaction for a specific company and does not directly relate to broader industry trends or competitors, beyond the general context of executive compensation and liquidity management in publicly traded companies.

Stakeholder Impact

• Shareholders: A routine insider sale under a 10b5-1 plan typically has minimal direct impact on shareholders, as it's a pre-scheduled liquidity event rather than a reaction to new information.

Key Dates

Keywords

International Paper, IP, Joseph R. Saab, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Executive Compensation, Corporate Secretary, General Counsel