IP Insider Notice: 9,000 PSU Shares Proposed Sale via Morgan Stanley
Rhea-AI Filing Summary
International Paper Co. (IP) filing a Form 144 notifies a proposed sale of 9,000 common shares acquired as Performance Stock Units on 02/10/2025. The broker is Morgan Stanley Smith Barney LLC (1 New York Plaza, 8th Floor, New York, NY). The filing lists an aggregate market value of $409,815.00 for the shares and reports 527,982,095 shares outstanding. The approximate sale date is 09/16/2025 and the securities are to be sold on the NYSE. The filing states no securities were sold by the reporting person in the past three months and includes the standard representation that the seller is not aware of undisclosed material adverse information.
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Insights
TL;DR: Routine insider notice for 9,000 PSU-derived shares; size is immaterial relative to outstanding stock.
The Form 144 documents a proposed sale of 9,000 shares acquired as performance stock units on 02/10/2025, using Morgan Stanley Smith Barney as broker with an indicated aggregate market value of $409,815.00. Given the company's reported 527,982,095 shares outstanding, this position represents a de minimis percentage of the float. There are no reported related sales in the prior three months. As a disclosure, this is a standard compliance filing to notify the market of an intended sale under Rule 144 and does not, by itself, provide evidence of material change to company fundamentals.
TL;DR: Compliance-focused filing showing an insider exercising/receiving PSUs and planning a later sale under Rule 144.
The submission indicates the securities were acquired as Performance Stock Units and payment was for services rendered, consistent with executive compensation practices. The filing includes the required attestation that the seller is unaware of undisclosed material adverse information. This filing follows standard governance and disclosure protocols; it raises routine questions about insider timing but contains no disclosures of governance issues or material events.