International Paper (IP) EVP has shares withheld to cover RSU tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
International Paper executive William Thomas Hamic had 12,666 shares of common stock withheld on April 1, 2026 to cover tax obligations tied to the vesting of his 2024 Recognition Restricted Stock Unit Award granted on June 14, 2024. This was a tax-withholding disposition, not an open-market sale. After this event, he held 131,452 shares directly and 1,126 shares indirectly through the International Paper Salaried Savings Plan based on a plan statement as of March 24, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hamic William Thomas
Role
Exec. VP & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 12,666 | $35.70 | $452K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 131,452 shares (Direct);
Common Stock — 1,126 shares (Indirect, By Plan)
Footnotes (1)
- Shares withheld to cover tax obligations related to the vesting of the 2024 Recognition Restricted Stock Unit Award granted on June 14, 2024. Share numbers rounded. Represents shares of International Paper common stock held through the International Paper Salaried Savings Plan. The information in this report is based on a plan statement as of March 24, 2026.
Key Figures
Shares withheld for taxes: 12,666 shares
Withholding price per share: $35.70 per share
Direct holdings after transaction: 131,452 shares
+1 more
4 metrics
Shares withheld for taxes
12,666 shares
Tax-withholding disposition on April 1, 2026
Withholding price per share
$35.70 per share
Value used for the 12,666 withheld shares
Direct holdings after transaction
131,452 shares
Common stock held directly after April 1, 2026 event
Indirect plan holdings
1,126 shares
Held through International Paper Salaried Savings Plan as of March 24, 2026
Key Terms
Restricted Stock Unit Award, tax obligations, International Paper Salaried Savings Plan, tax-withholding disposition
4 terms
Restricted Stock Unit Award financial
"vesting of the 2024 Recognition Restricted Stock Unit Award granted on June 14, 2024"
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
tax obligations financial
"Shares withheld to cover tax obligations related to the vesting"
International Paper Salaried Savings Plan financial
"held through the International Paper Salaried Savings Plan"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did IP executive William Thomas Hamic report?
William Thomas Hamic reported a tax-withholding disposition of 12,666 International Paper common shares on April 1, 2026. The shares were withheld to satisfy tax obligations arising from the vesting of his 2024 Recognition Restricted Stock Unit Award granted on June 14, 2024.
Was the International Paper (IP) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. 12,666 shares of International Paper common stock were withheld by the company to cover tax obligations triggered by the vesting of Hamic’s 2024 Recognition Restricted Stock Unit Award.
What caused the tax-withholding disposition reported for International Paper (IP)?
The tax-withholding disposition resulted from the vesting of Hamic’s 2024 Recognition Restricted Stock Unit Award, granted on June 14, 2024. When these restricted units vested, 12,666 shares were withheld to cover associated tax obligations instead of being sold in the open market.
What is the International Paper Salaried Savings Plan mentioned in the Form 4?
The International Paper Salaried Savings Plan is a plan through which employees can hold company stock. The filing notes that 1,126 International Paper shares are held for Hamic in this plan, based on a plan statement as of March 24, 2026.