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REG - International Paper - Director/PDMR Shareholding

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RNS Number : 7479R  International Paper Company  04 February 2026

4 February 2026

International Paper Company (the "Company") - Transaction Notification

Vesting of RSU Award

PDMR Dealing

NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES ("PDMRs") IN SHARES OF COMMON STOCK OF PAR VALUE $1.00 EACH
IN THE COMPANY ("Shares")

Vesting of the International Paper Company 2023 and 2024 Long-Term Incentive
Plan ("LTIP") Restricted Stock Unit ("RSU") Awards

International Paper Company (NYSE: IP; LSE: IPC), a global leader in
sustainable packaging solutions, announces the vesting of RSUs in respect of
Shares on 1 February 2026. Following this vesting, the Company on 2 February
2025 withheld Shares on behalf of each PDMR to satisfy tax obligations.

These Shares were issued as part of RSU awards previously granted to PDMRs on
1 January 2023 and 1 January  2024, under the Company's LTIP.

RSUs are earned based on the passage of time and, in most cases, dependent on
continued employment with the Company. The amount ultimately earned may
include the reinvestment of dividends earned on Shares actually paid upon
vesting and is dependent on the Company's stock price on the vest date. RSUs
vest annually in equal, one-third tranches over the three-year grant period
on each 1(st) of February commencing after the first anniversary of the grant.

The notifications set out below are made in accordance with the requirements
of Article 19 of the UK Market Abuse Regulation.

 1.                                Details of person discharging managerial responsibility ("PDMR") / person
                                   closely associated with them ("PCA")
 a)  Name                                                        W. Thomas Hamic
 b)  Position / status                                           Executive Vice President and President- Packaging Solutions North America
 c)  Initial notification / amendment                            Initial Notification
 2.  Details of the issuer

 a)  Name                                                        International Paper Company
 b)  LEI                                                         824LMFJDH41EY779Q875
 3.  Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted

 a)  Description and identifier of the financial instrument      Shares of common stock of par value $1.00 each ("Shares")

                                                                 ISIN: US4601461035
 b)  Nature of the transaction                                   Acquisition of Shares following the vesting of RSUs granted on 1 January 2023
                                                                 and 1 January 2024 under the LTIP (including dividend equivalents arising from
                                                                 the vesting).  Certain Shares are withheld and sold to cover tax obligations
                                                                 due on the vesting of earned RSUs.

 c)  Price(s) and                                                                                          Price(s)                                                                Volumes

volume(s)                                                                                            1. Shares acquired on vesting of 2023 RSUs $0.00

                                                                                                                                               3,722 shares of common stock
                                                                                                           2. Shares acquired on vesting of 2024 RSUs $0.00                        3,941 shares of common stock
                                                                                                           3. Shares sold to cover tax obligations on vesting of 2023 RSUs         1,406 shares of common stock

                                                                                                           $40.32
                                                                                                           4. Shares sold to cover tax obligations on vesting of 2024 RSUs $40.32  1,271 shares of common stock
 d)  Aggregated information                                                                                1.     7,663

     Aggregated volume Price                                                                               2.     $0.00

                                                                                                           3.     2,677

                                                                                                           4.     $40.32
 e)  Date of the transaction                                                                               1 February 2026 (vesting); 2 February 2026 (shares withheld for taxes)
 f)  Place of the transaction                                                                              1.     Outside a trading venue

                                                                                                           2.     New York Stock Exchange

d)

Aggregated information

Aggregated volume Price

1.     7,663

2.     $0.00

3.     2,677

4.     $40.32

e)

Date of the transaction

1 February 2026 (vesting); 2 February 2026 (shares withheld for taxes)

f)

Place of the transaction

1.     Outside a trading venue

2.     New York Stock Exchange

 

 1.                                Details of person discharging managerial responsibility ("PDMR") / person
                                   closely associated with them ("PCA")
 a)  Name                                                        Timothy S. Nicholls
 b)  Position / status                                           Executive Vice President, Packaging Solutions - Europe, Middle East and Africa
 c)  Initial notification / amendment                            Initial Notification
 2.  Details of the issuer

 a)  Name                                                        International Paper Company
 b)  LEI                                                         824LMFJDH41EY779Q875
 3.  Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted

 a)  Description and identifier of the financial instrument      Shares of common stock of par value $1.00 each ("Shares")

                                                                 ISIN: US4601461035
 b)  Nature of the transaction                                   Acquisition of Shares following the vesting of RSUs granted on 1 January 2023
                                                                 and 1 January 2024 under the LTIP (including dividend equivalents arising from
                                                                 the vesting).  Certain Shares are withheld and sold to cover tax obligations
                                                                 due on the vesting of earned RSUs.

 c)  Price(s) and                                                                                          Price(s)                                                                Volumes

volume(s)                                                                                            1. Shares acquired on vesting of 2023 RSUs

                                                                                                           $0.00                                                                   5,892 shares of common stock
                                                                                                           2. Shares acquired on vesting of 2024 RSUs $0.00                        5,637 shares of common stock
                                                                                                           3. Shares sold to cover tax obligations on vesting of 2023 RSUs         304 shares of common stock

                                                                                                           $40.32
                                                                                                           4. Shares sold to cover tax obligations on vesting of 2024 RSUs $40.32  136 shares of common stock
 d)  Aggregated information                                                                                1.     11,529

     Aggregated volume Price                                                                               2.     $0.00

                                                                                                           3.     440

                                                                                                           4.     $40.32
 e)  Date of the transaction                                                                               1 February 2026 (vesting); 2 February 2026 (shares withheld for taxes)
 f)  Place of the transaction                                                                              1.     Outside a trading venue

                                                                                                           2.     New York Stock Exchange

d)

Aggregated information

Aggregated volume Price

1.     11,529

2.     $0.00

3.     440

4.     $40.32

e)

Date of the transaction

1 February 2026 (vesting); 2 February 2026 (shares withheld for taxes)

f)

Place of the transaction

1.     Outside a trading venue

2.     New York Stock Exchange

 

 1.                                Details of person discharging managerial responsibility ("PDMR") / person
                                   closely associated with them ("PCA")
 a)  Name                                                        Joseph R. Saab
 b)  Position / status                                           Senior Vice President, General Counsel and Corporate Secretary
 c)  Initial notification / amendment                            Initial Notification
 2.  Details of the issuer

 a)  Name                                                        International Paper Company
 b)  LEI                                                         824LMFJDH41EY779Q875
 3.  Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted

 a)  Description and identifier of the financial instrument      Shares of common stock of par value $1.00 each ("Shares")

                                                                 ISIN: US4601461035
 b)  Nature of the transaction                                   Acquisition of Shares following the vesting of RSUs granted on 1 January 2023
                                                                 and 1 January 2024 under the LTIP (including dividend equivalents arising from
                                                                 the vesting).  Certain Shares are withheld and sold to cover tax obligations
                                                                 due on the vesting of earned RSUs.

 c)  Price(s) and                                                                                          Price(s)                                                                Volumes

volume(s)                                                                                            1. Shares acquired on vesting of 2023 RSUs

                                                                                                           $0.00                                                                   2,029 shares of common stock
                                                                                                           2. Shares acquired on vesting of 2024 RSUs $0.00                        2,291 shares of common stock
                                                                                                           3. Shares sold to cover tax obligations on vesting of 2023 RSUs         857 shares of common stock

                                                                                                           $40.32
                                                                                                           4. Shares sold to cover tax obligations on vesting of 2024 RSUs $40.32  757 shares of common stock
 d)  Aggregated information                                                                                1.     4,320

     Aggregated volume Price                                                                               2.     $0.00

                                                                                                           3.     1,614

                                                                                                           4.     $40.32
 e)  Date of the transaction                                                                               1 February 2026 (vesting); 2 February 2026 (shares withheld for taxes)
 f)  Place of the transaction                                                                              1.     Outside a trading venue

                                                                                                           2.     New York Stock Exchange

d)

Aggregated information

Aggregated volume Price

1.     4,320

2.     $0.00

3.     1,614

4.     $40.32

e)

Date of the transaction

1 February 2026 (vesting); 2 February 2026 (shares withheld for taxes)

f)

Place of the transaction

1.     Outside a trading venue

2.     New York Stock Exchange

 

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