Silvernail Andrew K 4

What Happened

• Andrew K. Silvernail, CEO of International Paper Company, reported an open-market purchase of 50,000 shares on January 30, 2026. The reported average price was $39.98 per share for a total reported acquisition value of $1,998,965. This transaction is a direct purchase (code P) rather than a sale or option exercise.

Key Details

• Transaction date: 2026-01-30
• Transaction type: Open market purchase (P)
• Shares purchased: 50,000 at an average price of $39.98; total reported value $1,998,965
• Shares owned after transaction: Not specified in the filing
• Footnotes of note:
  • F1: Shares are held by the "Andrew K Silvernail 2014 Declaration of Trust," a revocable trust for which he is trustee and retains the power to revoke.
  • F2: Notes a weighted average price for 50,000 shares sold in multiple transactions at prices ranging $39.80–$40.26 and offers to provide full details on request (appears to reference related sales information).
• Remarks: Power of Attorney on file with the company
• Filing timeliness: The Form 4 was filed with the SEC on the same date as the reported transaction (2026-01-30), indicating timely reporting.

Context

• This was a straight open-market purchase, not an option exercise or award. Insider purchases are often highlighted by investors as potentially informative, but they do not guarantee future company performance. The trust ownership (F1) indicates the shares are held in a revocable trust under Silvernail's control.