Form 4: Kathryn D. Sullivan Sells 600 Shares of International Paper Co. (IP)

Director Kathryn D. Sullivan sold 600 shares of International Paper Co. (IP) on June 14, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Kathryn D. Sullivan, a director of International Paper Co., sold 600 shares of common stock on June 14, 2024, at a price of $45.11 per share.
• The sale was executed automatically under a Rule 10b5-1 trading plan adopted on November 14, 2023.
• Following the transaction, Sullivan beneficially owns 43,402 shares of International Paper Co.
• The total amount beneficially owned has been adjusted to (i) reduce the reporting person's holdings by 1,866 shares and (ii) reflect previously credited dividend equivalents acquired on June 14, 2024.
• Effective for the 2024-2025 service year, the reporting person elected to receive 100 percent of her cash retainer in cash, from previously receiving 50% into shares of restricted stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was pre-planned under a Rule 10b5-1 trading plan and doesn't necessarily reflect the director's current outlook on the company.

Industry Context

Insider transactions are routinely monitored to gauge executive sentiment and potential future performance; however, sales under 10b5-1 plans are less indicative of current sentiment.

Key Dates