Saab Joseph R. 4

What Happened

• Joseph R. Saab, Senior Vice President, General Counsel and Corporate Secretary of International Paper (IP), was issued 24,314 shares (awarded/acquired) on 2026-02-09 at a reported per-share value of $46.58 (total value $1,132,546). To cover tax obligations, 7,268 shares were withheld/disposed at $46.58 (value $338,543), leaving a net delivery of about 17,046 shares (approx. $794,003). The award is compensation-related (not an open-market buy).

Key Details

• Transaction date: 2026-02-09; Filing date: 2026-02-11.
• Award: 24,314 shares @ $46.58 = $1,132,546.
• Tax withholding: 7,268 shares @ $46.58 = $338,543 (shares withheld to cover tax obligations).
• Net shares delivered to Saab: 24,314 − 7,268 = 17,046 shares (net value ≈ $794,003). Share numbers rounded per filing.
• Footnotes: PSUs earned (including accrued dividend equivalents) from a Jan 1, 2023 grant under the 2023–2025 Long-Term Incentive Plan. Shares held through the International Paper Salaried Savings Plan were reported from a plan statement dated Jan 30, 2026.
• Remarks: Power of Attorney on file.
• Shares owned after the transaction are not specified in the filing.

Context

• This transaction reflects earned performance share units (PSUs) settled in stock, with a portion withheld to satisfy taxes (a common, routine procedure). It is compensation-related rather than an open-market purchase or a sale signaling personal liquidity. No 10b5-1 plan or late-filing flag is indicated in the report.