International Paper director granted 10,506 RSUs

Beggs Jamie A. reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Beggs Jamie A. reported acquisition or exercise transactions in this Form 4 filing.

International Paper Company director Jamie A. Beggs received a grant of 10,506 Restricted Stock Units for service as a director for the 2026-2027 service year. Each unit represents one share of International Paper common stock and is held indirectly through the company’s Restricted Stock and Deferred Compensation Plan for Non-Employee Directors.

The units are settled in cash on January 1 following the year in which Beggs terminates service as a director. After this award, total units credited under the plan are 26,863, which include previously credited dividend equivalents reinvested under the company’s Long-Term Incentive Plan.

Insider Trade Summary

Grant/Award: 10,506 shares

Grant/Award 1 txn

Insider Beggs Jamie A.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	10,506	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 26,863 contracts (Indirect, By Plan)

Footnotes (3)

1. F1. The Restricted Stock Units (units) reported were awarded to the reporting person for service as a director for the 2026-2027 service year. The units held in the Restricted Stock and Deferred Compensation Plan for Non-Employee Directors represent one share of International Paper Company common stock. The units are settled in cash on January 1 following the year in which the reporting person terminates service as a director.
2. F2. Share numbers rounded.
3. F3. The total amount reported includes previously credited dividend equivalents. Dividend equivalents are acquired pursuant to a dividend reinvestment feature of the Company's Long-Term Incentive Plan. Dividends vest at the same time as the award to which they relate

Key Figures

RSUs granted: 10,506 units Total RSUs after grant: 26,863 units Transaction date: May 12, 2026 +2 more

5 metrics

RSUs granted 10,506 units Grant for 2026-2027 director service year

Total RSUs after grant 26,863 units Balance credited to Jamie A. Beggs after award

Transaction date May 12, 2026 Date of RSU grant reported on Form 4

Price per RSU $0.0000 Grant recorded with no exercise or conversion price

Underlying common stock 10,506 shares reference Each RSU corresponds to one share of common stock for measurement

Key Terms

Restricted Stock Units, Dividend equivalents, Restricted Stock and Deferred Compensation Plan for Non-Employee Directors, Long-Term Incentive Plan

4 terms

Restricted Stock Units financial

"The Restricted Stock Units (units) reported were awarded to the reporting person for service as a director"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Dividend equivalents financial

"The total amount reported includes previously credited dividend equivalents"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

Restricted Stock and Deferred Compensation Plan for Non-Employee Directors financial

"The units held in the Restricted Stock and Deferred Compensation Plan for Non-Employee Directors represent one share"

Long-Term Incentive Plan financial

"Dividend equivalents are acquired pursuant to a dividend reinvestment feature of the Company's Long-Term Incentive Plan"

A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.

FAQ

What did International Paper (IP) director Jamie A. Beggs report on this Form 4?

Jamie A. Beggs reported receiving 10,506 Restricted Stock Units as a grant for service as a director for the 2026-2027 service year. These units are part of International Paper’s Restricted Stock and Deferred Compensation Plan for Non-Employee Directors and are held as an indirect ownership interest.

How many Restricted Stock Units does Jamie A. Beggs hold after this International Paper (IP) award?

After this award, Jamie A. Beggs is credited with a total of 26,863 Restricted Stock Units under the plan. This figure includes newly granted units and previously credited dividend equivalents that were added through a dividend reinvestment feature of International Paper’s Long-Term Incentive Plan.

How are International Paper (IP) director Restricted Stock Units settled for Jamie A. Beggs?

The Restricted Stock Units awarded to Jamie A. Beggs are settled in cash, not stock. Settlement occurs on January 1 following the year in which Beggs terminates service as a director, aligning payout timing with the end of board service at International Paper.

What do the Restricted Stock Units represent for International Paper (IP) director Jamie A. Beggs?

Each Restricted Stock Unit represents one share of International Paper common stock for measurement purposes. However, these units are held in the Restricted Stock and Deferred Compensation Plan for Non-Employee Directors and are ultimately settled in cash rather than delivering actual shares to Jamie A. Beggs.

Why are dividend equivalents mentioned in Jamie A. Beggs’ International Paper (IP) Form 4?

The total 26,863 units for Jamie A. Beggs include dividend equivalents credited under a dividend reinvestment feature of International Paper’s Long-Term Incentive Plan. These dividend equivalents vest at the same time as the related awards, increasing the credited unit balance over time.

Is Jamie A. Beggs’ ownership in this International Paper (IP) award direct or indirect?

The Form 4 lists Jamie A. Beggs’ interest in these 10,506 Restricted Stock Units as indirect, with the nature of ownership shown as “By Plan.” This means the units are held through International Paper’s Restricted Stock and Deferred Compensation Plan for Non-Employee Directors rather than as directly held shares.

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Accepted by SEC EDGAR 05/14/2026 - 11:34 AM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Beggs Jamie A.

(Last) (First) (Middle)

INTERNATIONAL PAPER COMPANY

6400 POPLAR AVENUE

(Street)

MEMPHIS TENNESSEE 38197

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
INTERNATIONAL PAPER CO /NEW/ [ IP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0	05/12/2026		A		10,506		(1)	(1)	Common Stock	10,506(2)	$0	26,863(2)(3)	I	By Plan

Explanation of Responses:

1. The Restricted Stock Units (units) reported were awarded to the reporting person for service as a director for the 2026-2027 service year. The units held in the Restricted Stock and Deferred Compensation Plan for Non-Employee Directors represent one share of International Paper Company common stock. The units are settled in cash on January 1 following the year in which the reporting person terminates service as a director.

2. Share numbers rounded.

3. The total amount reported includes previously credited dividend equivalents. Dividend equivalents are acquired pursuant to a dividend reinvestment feature of the Company's Long-Term Incentive Plan. Dividends vest at the same time as the award to which they relate

Remarks:

Power of Attorney on file.

	/s/ Vincent T. Smith, Attorney-in-Fact for Ms. Beggs	05/14/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)