Beggs Jamie A. 4

What Happened

• Jamie A. Beggs, a director of International Paper Company (IP), was granted 10,506 restricted stock units (RSUs) on 2026-05-12. The Form 4 reports the acquisition as a derivative award (code A) with a reported per-unit price of $0.00 (total value reported $0).
• These RSUs are awarded for service as a non-employee director for the 2026–2027 service year and represent one share of IP common stock each, but are settled in cash only on January 1 following the director’s termination of service.

Key Details

• Transaction date: 2026-05-12; Form 4 filed: 2026-05-14.
• Transaction type: Grant/Award of RSUs (derivative; Form 4 code A); reported price per unit $0.00.
• Shares/units granted: 10,506 (share counts rounded per footnote).
• Reported value: $0 on the Form 4 (units settle in cash later; see Context).
• Notable footnotes: F1—units are RSUs settled in cash after director leaves; F3—total includes previously credited dividend equivalents that vest with the award; F2—share numbers rounded. Power of Attorney on file.
• Ownership after transaction: not specified in the provided filing excerpt.

Context

• These RSUs are routine director compensation for non-employee directors, not an open‑market purchase or sale. Because the units are cash‑settled only after termination, this grant does not represent immediate stock ownership or a direct market investment signal.
• Dividend equivalents were credited and included in the total award; they vest when the underlying award vests. The filing appears timely (filed two days after the transaction date).