Form 4: International Paper Vice President Holly G. Goughnour Reports Sale of 5,000 Shares
SEC Form 4 Filing
Holly G. Goughnour, Vice President & Controller of International Paper, reported selling 5,000 shares of common stock at an average price of $47.22 on September 6, 2024.
Summary
- On September 6, 2024, Holly G. Goughnour, Vice President & Controller of International Paper, sold 5,000 shares of International Paper common stock.
- The shares were sold at a weighted average price of $47.22, with individual transactions ranging from $47.12 to $47.30.
- Following the transaction, Goughnour directly owns 16,788 shares and indirectly owns 6,455 shares through the International Paper Company Salaried Savings Plan.
- The indirect shares are based on a plan statement as of September 5, 2024.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine disclosure of an insider stock sale. The sale itself doesn't inherently indicate positive or negative sentiment towards the company's prospects.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. The sale itself doesn't necessarily indicate a negative outlook for the company, as insiders may sell shares for various personal financial reasons.
Stakeholder Impact
- The sale of shares by a company insider could be perceived negatively by some shareholders, although it is a relatively small transaction.
Key Dates
| Date | Description |
|---|---|
| September 5, 2024 | Date of the International Paper Company Salaried Savings Plan statement used for reporting indirect ownership. |
| September 6, 2024 | Date of the stock sale transaction. |
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