International Paper Corrects RSU Tax Withholding Figures in Executive Share Vesting Update
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International Paper Co ( (IP) ) just unveiled an announcement.
International Paper has corrected an earlier disclosure on the vesting of 2023 and 2024 Long-Term Incentive Plan restricted stock units for senior executives, updating the number of shares withheld from Executive Vice President Timothy S. Nicholls to meet tax obligations. The restated figures reflect additional shares retained after federal taxes were properly applied to his expatriate assignment, while separate notifications confirm RSU vesting and tax-related share sales for executives W. Thomas Hamic and Joseph R. Saab, underscoring routine equity compensation and compliance with UK market abuse reporting rules.
The company detailed that RSUs granted in 2023 and 2024 vested on 1 February 2026, with shares either withheld or sold on 2 February 2026 at a reference price of $40.32 to satisfy individual tax liabilities. While the transactions do not alter International Paper’s capital strategy, they clarify prior administrative errors and provide transparency to investors about executive equity awards and associated tax handling.
More about International Paper Co
International Paper Company, listed on the NYSE and LSE, is a global leader in sustainable packaging solutions. The company focuses on producing fiber-based packaging and related paper products for customers across North America, Europe, the Middle East and Africa, positioning itself as a key supplier in the global packaging value chain.
Learn more about IP stock on TipRanks’ Stock Analysis page.
