Form 4: SEC Filing: Joseph R. Saab Reports Changes in Beneficial Ownership of International Paper Co. Stock
SEC Form 4 Filing
Joseph R. Saab, SVP, GC and Corp. Secretary of International Paper Co., filed a Form 4 detailing changes in his beneficial ownership of the company's stock due to a reallocation of investments and a correction of previously underreported shares.
Summary
- Joseph R. Saab, a Senior Vice President, General Counsel, and Corporate Secretary at International Paper Co., filed a Form 4 with the SEC.
- The filing reports changes in his beneficial ownership of International Paper common stock.
- A routine review identified an understatement of 253 shares, which has been corrected.
- Saab reallocated investments into the Company Common Stock Fund of the non-funded International Paper Company Deferred Compensation Savings Plan, involving 5,997 common stock units.
- As of April 26, 2024, Saab held 21,108 shares directly and 12,877 shares indirectly through the International Paper Salaried Savings Plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting changes in stock ownership, with no inherent positive or negative sentiment. The correction of a minor error is a neutral event.
Future Outlook
The reporting person may reallocate investments in these units to alternative investments in the future.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions in the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the stock ownership of a key executive.
Key Dates
| Date | Description |
|---|---|
| 04/26/2024 | Date of the earliest transaction and plan statement for shares held through the International Paper Salaried Savings Plan. |
| 04/30/2024 | Date of signature for the Form 4 filing. |
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