T. Rowe Price (IP) holds 49.2M shares, 9.3% stake reported

Rhea-AI Filing Summary

T. Rowe Price Associates, Inc. reports beneficial ownership of $49,210,826 shares of International Paper common stock, representing 9.3% of the class as of 03/31/2026.

The Schedule 13G/A filing lists 47,713,663 shares with sole voting power and 49,210,826 shares with sole dispositive power. The filer includes a denial of beneficial ownership in the signature block.

Insights

Institutional Ownership Analyst

Large passive stake reported: 49.2M shares, 9.3% of IP.

The filing shows 49,210,826 shares and 9.3% ownership as of 03/31/2026. The document states sole voting power of 47,713,663 shares and sole dispositive power of 49,210,826.

Cash‑flow treatment or trading intentions are not disclosed; subsequent filings could clarify any active disposition or voting alignment.

Compliance & Regulatory Specialist

13G/A form signals institutional reporting; filing includes a beneficial‑ownership denial clause.

The submission follows Schedule 13G/A structure and is signed by a Vice President. The filing contains an explicit statement denying beneficial ownership despite the reported counts.

Regulatory readers should note the denial language when interpreting control or intent; voting and disposition counts are explicitly listed.

Key Figures

Beneficial ownership: 49,210,826 shares Percent of class: 9.3% Sole voting power: 47,713,663 shares +2 more

5 metrics

Beneficial ownership 49,210,826 shares reported as beneficially owned on <date>03/31/2026</date>

Percent of class 9.3% percent of common stock as reported

Sole voting power 47,713,663 shares shares with sole power to vote as reported

Sole dispositive power 49,210,826 shares shares with sole power to dispose as reported

Filing type Schedule 13G/A amendment reporting beneficial ownership

Key Terms

Schedule 13G/A, Sole dispositive power, Beneficial ownership

3 terms

Schedule 13G/A regulatory

"Schedule 13G/A filing amendment header"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Sole dispositive power financial

"Sole power to dispose or to direct the disposition of: 49210826"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Beneficial ownership regulatory

"Amount beneficially owned: 49210826"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/15/2026 - 10:07 AM Learn about SEC filing dates

FAQ

What stake does T. Rowe Price report in International Paper (IP)?

T. Rowe Price reports beneficial ownership of 49,210,826 shares, equal to 9.3% of common stock as stated for 03/31/2026. The filing lists 47,713,663 shares with sole voting power.

Does T. Rowe Price have voting control over its reported IP shares?

The filing shows sole voting power for 47,713,663 shares. It reports 0 shared voting power, indicating voting authority is reported as sole for the disclosed share count.

Does the filing indicate T. Rowe Price plans to sell or buy IP shares?

The Schedule 13G/A lists ownership and voting/dispositive counts but contains no transaction intentions. It does not state any planned purchases or sales in the provided excerpt.

What does the denial of beneficial ownership in the filing mean?

The filer expressly denies being the beneficial owner in the signature block. This is a legal assertion accompanying the reported counts and may reflect internal allocation or advisory status.

What date anchors the reported ownership figures?

The ownership figures are presented with an anchor of 03/31/2026 in the filing header and the signature shows a filing date of 05/15/2026, consistent with an amendment submission.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

INTERNATIONAL PAPER CO

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

460146103

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 460146103

1

Names of Reporting Persons

T. Rowe Price Associates, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 47,713,663.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 49,210,826.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

49,210,826.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.3 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: INTERNATIONAL PAPER CO
(b)	Address of issuer's principal executive offices: 6400 POPLAR AVENUE, MEMPHIS, TN, 38197
Item 2.
(a)	Name of person filing: T. Rowe Price Associates, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 460146103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 49210826
(b)	Percent of class: 9.3 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 47713663
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 49210826
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. T. Rowe Price Associates, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Associates is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

T. Rowe Price Associates, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	05/15/2026