Hamic William Thomas 4

What Happened

• William Thomas Hamic, Executive Vice President & President of International Paper (IP), had 12,666 shares withheld on April 1, 2026 to satisfy tax obligations related to the vesting of restricted stock units. The shares were valued at $35.70 each, totaling approximately $452,176. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date and price: April 1, 2026 at $35.70 per share.
• Shares withheld/disposed: 12,666 shares; proceeds/coverage ≈ $452,176.
• Shares owned after transaction: Not specified in this filing (plan holdings referenced; see footnote F3).
• Footnotes of note:
  • F1: Withholding was to cover taxes on the vesting of the 2024 Recognition RSU Award (granted June 14, 2024).
  • F2: Share numbers rounded.
  • F3: Some shares are held through the International Paper Salaried Savings Plan (plan statement dated March 24, 2026).
• Filing timeliness: Report filed April 2, 2026 for an April 1, 2026 transaction — appears timely (Form 4s are due within two business days). Remarks note a Power of Attorney on file.

Context

• This was a routine tax-withholding action tied to RSU vesting (a form of A/Award settlement), often implemented as a "sell-to-cover" or share surrender and not an indicator of the insider taking market-directional action. It reduced Hamic’s outstanding shares only to satisfy tax obligations rather than representing a voluntary market sale.