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International Paper Co ( (IP) ) has provided an announcement.
International Paper disclosed routine share acquisitions by senior executives under its U.S. retirement and deferred compensation plans, in line with UK market abuse regulations. Senior Vice President of Global Cellulose Fibers, Clay R. Ellis, acquired 73 units linked to International Paper common stock through the company’s Non-Funded Deferred Compensation Savings Plan, while Senior Vice President, General Counsel and Corporate Secretary, Joseph R. Saab, acquired 13 units through the Salaried Savings Plan and 346 units through the Deferred Compensation Savings Plan via the New York Stock Exchange. The transactions underscore ongoing executive participation in company stock through long-term savings and compensation structures, but do not signal any change in strategic direction or capital structure for the business.
More about International Paper Co
International Paper Company (NYSE: IP; LSE: IPC) is a global leader in sustainable packaging solutions, providing fiber-based products and services with a focus on packaging and cellulose fibers. The company serves a broad base of industrial and consumer markets worldwide and offers various employee retirement and savings plans that include investment options tied to its common stock.
For an in-depth examination of IP stock, go to TipRanks’ Overview page.