REG - International Paper - Director/PDMR Shareholding
15/05/2025 14:30
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RNS Number : 8851I International Paper Company 15 May 2025
15 May 2025
International Paper Company (the "Company") - Transaction Notification
Grant and Vesting of Restricted Stock and Grant of Restricted Stock Units
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")
Grant of Restricted Stock and Restricted Stock Units and Vesting of Restricted
Stock Through the Company's Restricted Stock and Deferred Compensation Plan
for Non-Employee Directors
International Paper Company (NYSE: IP; LSE: IPC), a global leader in
sustainable packaging solutions announces the following transactions in shares
of restricted stock ("Restricted Stock") and restricted stock units ("RSUs"),
each representing contingent rights to acquire Shares.
Restricted Stock has been granted to Ahmet C. Dorduncu, Anders Gustafsson,
Jacqueline C. Hinman, David A. Robbie, and Kathryn D. Sullivan, members of our
Board of Directors, effective 12 May 2025, under the Company's Restricted
Stock and Deferred Compensation Plan for Non-Employee Directors, a sub-plan
of the Company's 2024 Long-Term Incentive Compensation Plan. The Restricted
Stock was awarded for service as a director for the 2025-2026 service year.
Restricted Stock becomes free of restrictions and non-forfeitable on the
earliest of: (1) 12 May 2026, (ii) death, (iii) disability, (iv) retirement
and (v) resignation with the consent of the Board of Directors. In the event
of a resignation, the award would be reduced pro rata based on length of
service.
RSUs have been granted to Jamie A. Beggs, Christopher M. Connor, Clinton A.
Lewis, Jr., Scott A. Tozier and Anton V. Vincent. The RSUs settle in cash on 1
January following the year in which the PDMR terminates service as a director.
The amount of Restricted Stock and RSUs 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.
Restricted Stock granted for the 2024-2025 service year vested on 13 May 2025.
Following this vesting, the Company withheld Shares to satisfy tax obligations
on behalf of Directors Ahmet C. Dorduncu and David A. Robbie.
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 Ahmet C. Dorduncu
b) Position / status Non-Executive Director
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 International Paper Company shares of common stock of par value $1.00 each
("Shares")
ISIN: US4601461035
b) Nature of the transaction 1. Grant of Restricted Stock for 2025-2026 service year. Each share of
Restricted Stock represents a contingent right to receive one Share.
2. Vesting of Restricted Stock granted for 2024-2025 service year.
c) Price(s) and Price(s) Volume(s)
volume(s)
1. $0.00 3,953 shares of Restricted Stock
2. 47.91 2,958 Shares (net Shares delivered after giving effect to withholding tax
obligations)
d) Aggregated information 1. $0.00
Aggregated volume price 2. 3,953 Shares
3. $47.91
4. 2,958 Shares
e) Date of the transaction 1. 12 May 2025
2. 13 May 2025
f) Place of the transaction 1. Outside a trading venue
2. New York Stock Exchange
d)
Aggregated information
Aggregated volume price
1. $0.00
2. 3,953 Shares
3. $47.91
4. 2,958 Shares
e)
Date of the transaction
1. 12 May 2025
2. 13 May 2025
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 Anders Gustafsson
b) Position / status Non-Executive Director
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 International Paper Company shares of common stock of par value $1.00 each
("Shares")
ISIN: US4601461035
b) Nature of the transaction 1. Grant of Restricted Stock for 2025-2026 service year. Each share of
Restricted Stock represents a contingent right to receive one Share.
2. Vesting of Restricted Stock granted for 2024-2025 service year.
c) Price(s) and Price(s) Volume(s)
volume(s)
1. $0.00 8,177 shares of Restricted Stock
2. $47.91 8,606 Shares
d) Aggregated information 1. $0.00
Aggregated volume price 2. 8,177 Shares
3. $47.91
4. 8,606 Shares
e) Date of the transaction 12 May 2025
f) Place of the transaction 1. Outside a trading venue
2. New York Stock Exchange
d)
Aggregated information
Aggregated volume price
1. $0.00
2. 8,177 Shares
3. $47.91
4. 8,606 Shares
e)
Date of the transaction
12 May 2025
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 Jacqueline C. Hinman
b) Position / status Non-Executive Director
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 International Paper Company shares of common stock of par value $1.00 each
("Shares")
ISIN: US4601461035
b) Nature of the transaction 1. Grant of Restricted Stock for 2025-2026 service year. Each share of
Restricted Stock represents a contingent right to receive one Share.
2. Vesting of Restricted Stock granted for 2024-2025 service year.
c) Price(s) and Price(s) Volume(s)
volume(s) $0.00 8,064 shares of Restricted Stock
$47.91 8,476 Shares
d) Aggregated information 1. $0.00
Aggregated volume price 2. 8,064 Shares
3. $47.91
4. 8,476 Shares
e) Date of the transaction 12 May 2025
f) Place of the transaction 1. Outside a trading venue
2. New York Stock Exchange
d)
Aggregated information
Aggregated volume price
1. $0.00
2. 8,064 Shares
3. $47.91
4. 8,476 Shares
e)
Date of the transaction
12 May 2025
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 David A. Robbie
b) Position / status Non-Executive Director
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 International Paper Company shares of common stock of par value $1.00 each
("Shares")
ISIN: US4601461035
b) Nature of the transaction 1. Grant of Restricted Stock for 2025-2026 service year. Each share of
Restricted Stock represents a contingent right to receive one Share.
2. Vesting of Restricted Stock granted for 2024-2025 service year.
c) Price(s) and Price(s) Volume(s)
volume(s)
1. $0.00 3,953 shares of Restricted Stock
2. $47.91 739 Shares (net Shares delivered after giving effect to withholding tax
obligations)
d) Aggregated information 1. $0.00
Aggregated volume price 2. 3,953 Shares
3. $47.91
4. 739 Shares
e) Date of the transaction 1. 12 May 2025
2. 13 May 2025
f) Place of the transaction 1. Outside a trading venue
2. New York Stock Exchange
d)
Aggregated information
Aggregated volume price
1. $0.00
2. 3,953 Shares
3. $47.91
4. 739 Shares
e)
Date of the transaction
1. 12 May 2025
2. 13 May 2025
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 Kathyrn D. Sullivan
b) Position / status Non-Executive Director
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 International Paper Company shares of common stock of par value $1.00 each
("Shares")
ISIN: US4601461035
b) Nature of the transaction 1. Grant of Restricted Stock for 2025-2026 service year. Each share of
Restricted Stock represents a contingent right to receive one Share.
2. Vesting of Restricted Stock granted for 2024-2025 service year.
c) Price(s) and Price(s) Volume(s)
volume(s) $0.00 6,122 shares of Restricted Stock
$47.91 4,225 Shares
d) Aggregated information 1. $0.00
Aggregated volume price 2. 6,122 Shares
3. $47.91
4. 4,225 Shares
e) Date of the transaction 12 May 2025
f) Place of the transaction 1. Outside a trading venue
2. New York Stock Exchange
d)
Aggregated information
Aggregated volume price
1. $0.00
2. 6,122 Shares
3. $47.91
4. 4,225 Shares
e)
Date of the transaction
12 May 2025
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 Jamie A. Beggs
b) Position / status Non-Executive Director
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 International Paper Company shares of common stock of par value $1.00 each
("Shares")
ISIN: US4601461035
b) Nature of the transaction Grant of Restricted Stock Units. Each Restricted Stock Unit represents a
contingent right to receive one Share.
c) Price(s) and Price(s) Volume(s)
volume(s)
$0.00 7,838 Restricted Stock Units
d) Aggregated information 1. $0.00
Aggregated volume price 2. 7,838 Restricted Stock Units
e) Date of the transaction 12 May 2025
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Aggregated volume price
1. $0.00
2. 7,838 Restricted Stock Units
e)
Date of the transaction
12 May 2025
f)
Place of the transaction
Outside a trading venue
1. Details of person discharging managerial responsibility ("PDMR") / person
closely associated with them ("PCA")
a) Name Christopher M. Connor
b) Position / status Non-Executive Director
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 International Paper Company shares of common stock of par value $1.00 each
("Shares")
ISIN: US4601461035
b) Nature of the transaction Grant of Restricted Stock Units. Each Restricted Stock Unit represents a
contingent right to receive one Share.
c) Price(s) and Price(s) Volume(s)
volume(s)
$0.00 8,516 Restricted Stock Units
d) Aggregated information 1. $0.00
Aggregated volume price 2. 8,516 Restricted Stock Units
e) Date of the transaction 12 May 2025
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Aggregated volume price
1. $0.00
2. 8,516 Restricted Stock Units
e)
Date of the transaction
12 May 2025
f)
Place of the transaction
Outside a trading venue
1. Details of person discharging managerial responsibility ("PDMR") / person
closely associated with them ("PCA")
a) Name Clinton A. Lewis, Jr.
b) Position / status Non-Executive Director
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 International Paper Company shares of common stock of par value $1.00 each
("Shares")
ISIN: US4601461035
b) Nature of the transaction Grant of Restricted Stock Units. Each Restricted Stock Unit represents a
contingent right to receive one Share.
c) Price(s) and Price(s) Volume(s)
volume(s)
$0.00 8,064 Restricted Stock Units
d) Aggregated information 1. $0.00
Aggregated volume price 2. 8,064 Restricted Stock Units
e) Date of the transaction 12 May 2025
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Aggregated volume price
1. $0.00
2. 8,064 Restricted Stock Units
e)
Date of the transaction
12 May 2025
f)
Place of the transaction
Outside a trading venue
1. Details of person discharging managerial responsibility ("PDMR") / person
closely associated with them ("PCA")
a) Name Scott A. Tozier
b) Position / status Non-Executive Director
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 International Paper Company shares of common stock of par value $1.00 each
("Shares")
ISIN: US4601461035
b) Nature of the transaction Grant of Restricted Stock Units. Each Restricted Stock Unit represents a
contingent right to receive one Share.
c) Price(s) and Price(s) Volume(s)
volume(s)
$0.00 7,838 Restricted Stock Units
d) Aggregated information 1. $0.00
Aggregated volume price 2. 7,838 Restricted Stock Units
e) Date of the transaction 12 May 2025
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Aggregated volume price
1. $0.00
2. 7,838 Restricted Stock Units
e)
Date of the transaction
12 May 2025
f)
Place of the transaction
Outside a trading venue
1. Details of person discharging managerial responsibility ("PDMR") / person
closely associated with them ("PCA")
a) Name Anton V. Vincent
b) Position / status Non-Executive Director
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 International Paper Company shares of common stock of par value $1.00 each
("Shares")
ISIN: US4601461035
b) Nature of the transaction Grant of Restricted Stock Units. Each Restricted Stock Unit represents a
contingent right to receive one Share.
c) Price(s) and Price(s) Volume(s)
volume(s)
$0.00 7,612 Restricted Stock Units
d) Aggregated information 1. $0.00
Aggregated volume price 2. 7,612 Restricted Stock Units
e) Date of the transaction 12 May 2025
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Aggregated volume price
1. $0.00
2. 7,612 Restricted Stock Units
e)
Date of the transaction
12 May 2025
f)
Place of the transaction
Outside a trading venue
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