Saab Joseph R. 4

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.