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7 Mar 2025 15:48
7 March 2025
International Paper Company (the "Company") - Transaction NotificationGrant of Restricted Stock
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 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 restricted stock ("Restricted Stock"), representing contingent rights to acquire a Share, undertaken by a PDMR of International Paper Company (the "Company").
Restricted Stock has been granted to David A. Robbie, a member of our Board of Directors, effective 6 March 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 to Mr. Robbie for service as a director for the 2024-2025 performance year, prorated from his appointment date, 11 February 2025, through 30 April 2025. Shares become free of restrictions and non-forfeitable on the earliest of: (1) 13 May 2025, (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.
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 | David A. Robbie | ||||||
b) | Position / status | Non-Executive Director | ||||||
c) | Initial notification / amendment | Initial Notification | ||||||
2. | Details of the issuer
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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
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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. Each Share of Restricted Stock represents a contingent right to receive one Share.
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c) | Price(s) andvolume(s) |
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d) | Aggregated information Aggregated volume price | N/A - single transaction | ||||||
e) | Date of the transaction | 6 March 2025 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||
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