REG - International Paper - Director/PDMR Shareholding
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RNS Number : 3137Z International Paper Company 02 April 2026
2 April 2026
International Paper Company (the "Company") - Transaction Notification
Vesting of Recognition Restricted Stock Unit Award
Vesting of Inducement Restricted Stock Unit 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 2024 Recognition Restricted Stock
Unit Award (the "2024 Recognition Award") and the 2025 Inducement Restricted
Stock Unit Award (the ("2025 Inducement Award")
International Paper Company (NYSE: IP; LSE: IPC), a global leader in
sustainable packaging solutions, announces the vesting of restricted stock
units ("RSUs") in respect of Shares on 1 April 2026. Following this vesting,
the Company on 1 April 2026 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
14 June 2024 and 1 April 2025 under the Company's 2024 Long-Term Incentive
Compensation Plan.
On 14 June 2024, the Company granted a 2024 Recognition Award of 30,000 RSUs
to W. Thomas Hamic, executive vice president and president-Packaging Solutions
North America, in recognition of the criticality of Mr. Hamic's service in the
context of an executive leadership transition and to incentivize his continued
contribution to the Company's long-term success. Mr. Hamic's award fully
vested on 1 April 2026.
In connection with his appointment as chief financial officer, the Company on
1 April 2025 granted a 2025 Inducement Award of 31,865 RSUs to Lance T.
Loeffler. One-third of Mr. Loeffler's award vested on 1 April 2026. The
remaining RSUs will vest on 1 April 2027 and 1 April 2028.
The amount ultimately earned includes the reinvestment of dividends earned on
Shares actually paid upon vesting and is dependent on the Company's stock
price on the vest date.
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 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 14 June 2025
(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 2024 Recognition Award
$35.70 32,186 shares of common stock
2. Shares sold to cover tax obligations on vesting of 2024 Recognition Award 12,666 shares of common stock
$35.70
d) Aggregated information 1. 32,186
Aggregated volume Price 2. $35.70
3. -12,666
4. $35.70
e) Date of the transaction 1 April 2026 (vesting); 1 April 2026 (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. 32,186
2. $35.70
3. -12,666
4. $35.70
e)
Date of the transaction
1 April 2026 (vesting); 1 April 2026 (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 Lance T. Loeffler
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 the first tranche of the 2025
Inducement Award of RSUs granted on 1 April 2025 (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 2025 Inducement Award
$35.70 11,098 shares of common stock
2. Shares sold to cover tax obligations on vesting of 2025 Inducement Award 2,703 shares of common stock
$35.70
d) Aggregated information 1. 11,098
Aggregated volume Price 2. 35.70
3. -2,703
4. $35.70
e) Date of the transaction 1 April 2026 (vesting); 1 April 2026 (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. 11,098
2. 35.70
3. -2,703
4. $35.70
e)
Date of the transaction
1 April 2026 (vesting); 1 April 2026 (shares withheld for taxes)
f)
Place of the transaction
1. Outside a trading venue
2. New York Stock Exchange
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