Form 4: Kathryn D. Sullivan Reports Director Share Award in International Paper Co. Filing

Kathryn D. Sullivan, a director of International Paper Co., reported the acquisition of 6,122 shares of common stock awarded for her service as a director.

Summary

• Kathryn D. Sullivan, a director at International Paper Co., filed a Form 4 disclosing changes in beneficial ownership.
• On May 12, 2025, Sullivan acquired 6,122 shares of International Paper common stock as compensation for her service as a director for the 2025-2026 service year.
• These shares are subject to restrictions and will become non-forfeitable on the earliest of May 12, 2026, death, disability, retirement, or resignation with the consent of the Board of Directors.
• If Sullivan resigns without board consent, the award will be reduced pro rata based on her length of service.
• Following the reported transaction, Sullivan beneficially owns 43,907 shares of International Paper common stock, including previously credited dividend equivalents.
• Dividend equivalents are acquired pursuant to a dividend investment feature of the Company's Long-Term Incentive Plan and vest at the same time as the award to which they relate.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing indicating standard director compensation practices. It doesn't contain any particularly positive or negative news, but reflects ongoing corporate governance.

Positives

• The share award reflects International Paper's compensation strategy for its directors.
• Sullivan's continued service as a director is incentivized by the vesting conditions of the share award.

Industry Context

Director compensation through stock awards is a common practice in publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Stock awards for board members are a typical component of compensation packages among large publicly traded companies like International Paper.
• Companies such as WestRock and Packaging Corporation of America also utilize stock awards as part of their director compensation plans.
• The vesting schedules and terms associated with these awards often vary based on company-specific policies and performance metrics.

Stakeholder Impact

• The share award aligns the director's interests with those of shareholders, potentially encouraging decisions that increase shareholder value.

Key Dates

Keywords

Form 4, International Paper, Director Compensation, Beneficial Ownership, Share Award, Sullivan, IP