Saab Joseph R. 4
4 · INTERNATIONAL PAPER CO /NEW/ · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
International Paper (IP) SVP Joseph Saab Withholds Shares for Taxes
What Happened
Joseph R. Saab, Senior Vice President, General Counsel and Corporate Secretary of International Paper (IP), had 1,614 shares of company stock withheld to cover tax obligations tied to RSU vesting. The withholding occurred on Feb 1, 2026 at an effective price of $40.32 per share, resulting in a total value of roughly $65,076 (857 shares = $34,554; 757 shares = $30,522). These transactions are tax-withholding dispositions (code F), not open-market sales.
Key Details
- Transaction date: February 1, 2026; Form 4 filed Feb 3, 2026 (appears timely).
- Price: $40.32 per share. Total shares withheld: 1,614; total value ≈ $65,076.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes:
- F1/F4 — Shares withheld to cover tax obligations related to RSU vesting (third tranche of 2023 RSU award; second tranche of 2024 RSU award).
- F3 — Reported totals include previously credited dividends/dividend equivalents from the plan’s dividend reinvestment feature.
- F5/F6 — References to plan statements for amounts held in the company’s savings and deferred compensation plans.
- Remark: Power of Attorney on file.
Context
This is a routine tax-withholding action tied to restricted stock unit vesting (a form of compensation), not an indicator of an open-market sale or stake reduction initiated for investment reasons. Tax withholding via share surrender is common when RSUs vest and should be interpreted as a payroll tax event rather than a buy/sell signal.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2][F3]2026-02-01$40.32/sh−857$34,554→ 26,567 total - Tax Payment
Common Stock
[F4][F2]2026-02-01$40.32/sh−757$30,522→ 27,424 total
- 14,633(indirect: By Plan)
Common Stock
[F5] - 12,477(indirect: By Plan)
Common Stock Units
[F6][F2]→ Common Stock (12,477 underlying)
Footnotes (6)
- [F1]Shares withheld to cover tax obligations related to the vesting of the third tranche of the 2023 Restricted Stock Unit Award granted on January 1, 2023.
- [F2]Share numbers rounded.
- [F3]The total amount reported includes?previously credited dividends and dividend equivalents acquired in 2025. Dividends and dividend equivalents are acquired pursuant to a dividend reinvestment feature of the Company's Long-Term Incentive Plan. Dividend equivalents vest at the same time as the award to which they relate.
- [F4]Shares withheld to cover tax obligations related to the vesting of the second tranche of the 2024 Restricted Stock Unit Award granted on January 1, 2024.
- [F5]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 January 30, 2026.
- [F6]Represents common stock units (units) held in the non-funded International Paper Company Deferred Compensation Savings Plan (DCSP). Each unit represents one share of International Paper common stock. The number of units will vary as the price of the issuer's common stock varies. The units will be settled in cash upon termination of employment. This information is based on a plan statement as of January 30, 2026.