[Form 4] INTERNATIONAL PAPER CO /NEW/ Insider Trading Activity

Rhea-AI Filing Summary

Joseph R. Saab, an officer (SVP, General Counsel and Corporate Secretary) of International Paper Company (IP), reported a sale of 9,000 shares of International Paper common stock on 09/16/2025 at a weighted-average price of $45.535 per share. After the reported sale, the filing shows 27,673 shares beneficially owned directly and 14,394 shares held indirectly through the International Paper Salaried Savings Plan. The report notes the sale occurred in multiple transactions at prices ranging from $45.50 to $45.58, and the reporting person offers to provide detailed per-price share counts on request. A power of attorney is on file for the signature.

Positive

• Continued ownership: Reporting person retains 27,673 shares directly and 14,394 shares indirectly via the salaried savings plan, showing ongoing alignment with shareholders.
• Transparent disclosure: Sale reported with a weighted-average price and a noted price range ($45.50–$45.58) and an offer to provide per-price details on request.

Negative

• Disposition of shares: Reporting person sold 9,000 shares, reducing direct holdings by that amount.
• Cash proceeds realized: The sale at a weighted-average price of $45.535 generated proceeds, indicating partial liquidation of equity exposure.

Insights

Securities Analyst

TL;DR: Routine insider sale with modest size relative to typical institutional volumes; ownership remains materially present via direct and plan holdings.

The transaction is a straightforward disposition of 9,000 shares at a weighted-average price of $45.535, executed across multiple trades between $45.50 and $45.58. This filing documents remaining direct ownership of 27,673 shares and indirect ownership of 14,394 shares through the company retirement plan. From a market-impact perspective, the size and disclosed price range suggest an ordinary-course sale rather than a block trade or disposal that would likely move the stock. Disclosure of willingness to provide per-price detail enhances transparency. No derivative activity or additional unusual terms are reported.

Corporate Governance Expert

TL;DR: A compliant Section 16 disclosure showing an officer sale; continuing holdings through salary savings plan indicate retained alignment with shareholders.

The filing identifies the reporting person as an officer (SVP, GC and Corporate Secretary) and records both direct and indirect holdings, including plan-held shares reported from a plan statement as of the transaction date. The explicit footnote about weighted-average price and range demonstrates attention to precise disclosure requirements. The presence of a power of attorney and the attorney-in-fact signature shows procedural completeness. There are no indications of loans, pledges, option exercises, or other governance red flags in this report.

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).

1. Name and Address of Reporting Person^*

Saab Joseph R.

(Last) (First) (Middle)

C/O INTERNATIONAL PAPER COMPANY

6400 POPLAR AVENUE

(Street)

MEMPHIS TN 38197

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, GC and Corp. Secretary

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2025

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

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

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

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
Common Stock	09/16/2025		S		9,000	D	$45.535(1)	27,673	D
Common Stock								14,394(2)(3)	I	By Plan

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

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.50 to $45.58, inclusive. The reporting person undertakes to provide to International Paper Company, any security holder of International Paper Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

2. Share numbers rounded.

3. Represents shares of International Paper common stock held through the International Paper Salaried Savings Plan. The information in this report is based on a plan statement as of September 16, 2025.

Remarks:

Power of Attorney on File.

	/s/ Vincent T. Smith, attorney-in-fact for Joseph R. Saab	09/18/2025
	** 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.

FAQ

What did International Paper insider Joseph R. Saab report on Form 4 (IP)?

The Form 4 reports that Joseph R. Saab sold 9,000 shares on 09/16/2025 at a weighted-average price of $45.535 per share.

How many International Paper (IP) shares does the reporting person own after the transaction?

Following the reported transaction, the filing shows 27,673 shares beneficially owned directly and 14,394 shares held indirectly through the International Paper Salaried Savings Plan.

At what prices were the sold IP shares executed?

The filing states the shares were sold in multiple transactions at prices ranging from $45.50 to $45.58, with a weighted-average price of $45.535.

Does the Form 4 show any derivative transactions or option exercises for IP?

No; Table II for derivative securities shows no reported derivative transactions or option exercises in this filing.

Who signed the Form 4 for Joseph R. Saab?

The Form 4 was signed by an attorney-in-fact, indicating a power of attorney was used to execute the filing on behalf of the reporting person.