REG - International Paper - Director/PDMR Shareholding
05/02/2025 15:00
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RNS Number : 0619W International Paper Company 05 February 2025
5 February 2025
International Paper Company (the "Company") - Transaction Notification
Vesting of RSU Award
PDMR Dealing
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES ("PDMRs") IN SHARES OF COMMON STOCK OF PAR VALUE $1.00 EACH
IN THE COMPANY ("Shares")
Vesting of the International Paper Company 2023 and 2024 Long-Term Incentive
Plan ("LTIP") Restricted Stock Unit ("RSU") Awards
International Paper Company (NYSE: IP; LSE: IPC), a global leader in
sustainable packaging solutions, announces the vesting of RSUs in respect of
Shares on 1 February 2025. Following this vesting, the Company on 3 February
2025 withheld Shares on behalf of each PDMR to satisfy tax obligations.
These Shares were issued as part of RSU awards previously granted to PDMRs on
1 January 2023 and 1 January 2024 under the Company's LTIP.
RSUs are earned based on the passage of time and, in most cases, dependent on
continued employment with the Company. The amount ultimately earned may
include the reinvestment of dividends earned on Shares actually paid upon
vesting and is dependent on the Company's stock price on the vest date. RSUs
vest annually in equal, one-third tranches over the three-year grant period
on each February 1(st) commencing after the first anniversary of the grant.
The notifications set out below are made in accordance with the requirements
of Article 19 of the UK Market Abuse Regulation.
1. Details of person discharging managerial responsibility ("PDMR") / person
closely associated with them ("PCA")
a) Name Clay R. Ellis
b) Position / status Senior Vice President - Global Cellulose Fibers
c) Initial notification / amendment Initial Notification
2. Details of the issuer
a) Name International Paper Company
b) LEI 824LMFJDH41EY779Q875
3. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description and identifier of the financial instrument Shares of common stock of par value $1.00 each ("Shares")
ISIN: US4601461035
b) Nature of the transaction Acquisition of Shares following the vesting of RSUs granted on 1 January 2023
and 1 January 2024 under the LTIP (including dividend equivalents arising from
the vesting). Certain Shares are withheld and sold to cover tax obligations
due on the vesting of earned RSUs.
c) Price(s) and Price(s) Volumes
volume(s) 1. Shares acquired on vesting of 2023 RSUs
$0.00 2,317 shares of common stock
2. Shares acquired on vesting of 2024 RSUs $0.00 2,265 shares of common stock
3. Shares sold to cover tax obligations on vesting of 2023 RSUs 688 shares of common stock
$55.63
4. Shares sold to cover tax obligations on vesting of 2024 RSUs $55.63 549 shares of common stock
d) Aggregated information 1. 4,582
Aggregated volume Price 2. $0.00
3. 1,237
4. $55.63
e) Date of the transaction 1 February 2025 (vesting); 3 February 2025 (shares withheld for taxes)
f) Place of the transaction 1. Outside a trading venue
2. New York Stock Exchange
d)
Aggregated information
Aggregated volume Price
1. 4,582
2. $0.00
3. 1,237
4. $55.63
e)
Date of the transaction
1 February 2025 (vesting); 3 February 2025 (shares withheld for taxes)
f)
Place of the transaction
1. Outside a trading venue
2. New York Stock Exchange
1. Details of person discharging managerial responsibility ("PDMR") / person
closely associated with them ("PCA")
a) Name W. Thomas Hamic
b) Position / status Executive Vice President and President-North American Packaging Solutions
c) Initial notification / amendment Initial Notification
2. Details of the issuer
a) Name International Paper Company
b) LEI 824LMFJDH41EY779Q875
3. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description and identifier of the financial instrument Shares of common stock of par value $1.00 each ("Shares")
ISIN: US4601461035
b) Nature of the transaction Acquisition of Shares following the vesting of RSUs granted on 1 January 2023
and 1 January 2024 under the LTIP (including dividend equivalents arising from
the vesting). Certain Shares are withheld and sold to cover tax obligations
due on the vesting of earned RSUs.
c) Price(s) and Price(s) Volumes
volume(s) 1. Shares acquired on vesting of 2023 RSUs
$0.00 4,923 shares of common stock
2. Shares acquired on vesting of 2024 RSUs $0.00 5,004 shares of common stock
3. Shares sold to cover tax obligations on vesting of 2023 RSUs 1,199 shares of common stock
$55.63
4. Shares sold to cover tax obligations on vesting of 2024 RSUs $55.63 1,324 shares of common stock
d) Aggregated information 1. 9,927
Aggregated volume Price 2. $0.00
3. 2,523
4. 55.63
e) Date of the transaction 1 February 2025 (vesting); 3 February 2025 (shares withheld for taxes)
f) Place of the transaction 1. Outside a trading venue
2. New York Stock Exchange
d)
Aggregated information
Aggregated volume Price
1. 9,927
2. $0.00
3. 2,523
4. 55.63
e)
Date of the transaction
1 February 2025 (vesting); 3 February 2025 (shares withheld for taxes)
f)
Place of the transaction
1. Outside a trading venue
2. New York Stock Exchange
1. Details of person discharging managerial responsibility ("PDMR") / person
closely associated with them ("PCA")
a) Name Timothy S. Nicholls
b) Position / status Senior Vice President, Chief Financial Officer
c) Initial notification / amendment Initial Notification
2. Details of the issuer
a) Name International Paper Company
b) LEI 824LMFJDH41EY779Q875
3. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description and identifier of the financial instrument Shares of common stock of par value $1.00 each ("Shares")
ISIN: US4601461035
b) Nature of the transaction Acquisition of Shares following the vesting of RSUs granted on 1 January 2023
and 1 January 2024 under the LTIP (including dividend equivalents arising from
the vesting). Certain Shares are withheld and sold to cover tax obligations
due on the vesting of earned RSUs.
c) Price(s) and Price(s) Volumes
volume(s) 1. Shares acquired on vesting of 2023 RSUs
$0.00 5,948 shares of common stock
2. Shares acquired on vesting of 2024 RSUs $0.00 5,542 shares of common stock
3. Shares sold to cover tax obligations on vesting of 2023 RSUs 1,541 shares of common stock
$55.63
4. Shares sold to cover tax obligations on vesting of 2024 RSUs $55.63 1,350 shares of common stock
d) Aggregated information 1. 11,490
Aggregated volume Price 2. $0.00
3. 2,891
4. $55.63
e) Date of the transaction 1 February 2025(vesting); 3 February 2025 (shares withheld for taxes)
f) Place of the transaction 1. Outside a trading venue
2. New York Stock Exchange
d)
Aggregated information
Aggregated volume Price
1. 11,490
2. $0.00
3. 2,891
4. $55.63
e)
Date of the transaction
1 February 2025(vesting); 3 February 2025 (shares withheld for taxes)
f)
Place of the transaction
1. Outside a trading venue
2. New York Stock Exchange
1. Details of person discharging managerial responsibility ("PDMR") / person
closely associated with them ("PCA")
a) Name Joseph R. Saab
b) Position / status Senior Vice President, General Counsel and Corporate Secretary
c) Initial notification / amendment Initial Notification
2. Details of the issuer
a) Name International Paper Company
b) LEI 824LMFJDH41EY779Q875
3. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description and identifier of the financial instrument Shares of common stock of par value $1.00 each ("Shares")
ISIN: US4601461035
b) Nature of the transaction Acquisition of Shares following the vesting of RSUs granted on 1 January 2023
and 1 January 2024 under the LTIP (including dividend equivalents arising from
the vesting). Certain Shares are withheld and sold to cover tax obligations
due on the vesting of earned RSUs.
c) Price(s) and Price(s) Volumes
volume(s) 1. Shares acquired on vesting of 2023 RSUs
$0.00 2,768 shares of common stock
2. Shares acquired on vesting of 2024 RSUs $0.00 2,927 shares of common stock
3. Shares sold to cover tax obligations on vesting of 2023 RSUs 674 shares of common stock
$55.63
4. Shares sold to cover tax obligations on vesting of 2024 RSUs $55.63 830 shares of common stock
d) Aggregated information 1. 5,695
Aggregated volume Price 2. $0.00
3. 1,504
4. $55.63
e) Date of the transaction 1 February 2025(vesting); 3 February 2025 (shares withheld for taxes)
f) Place of the transaction 1. Outside a trading venue
2. New York Stock Exchange
d)
Aggregated information
Aggregated volume Price
1. 5,695
2. $0.00
3. 1,504
4. $55.63
e)
Date of the transaction
1 February 2025(vesting); 3 February 2025 (shares withheld for taxes)
f)
Place of the transaction
1. Outside a trading venue
2. New York Stock Exchange
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