Insider trade

Officer sold ~$693K of IP shares in the open market

Traded Nov 18, 2025 · Filed Dec 17, 2025

International PaperIP

~$693K
Reported value · 19K sh @ $36.85: −13.0%
stock since the trade · S&P 500 +17.4%, $36.85 → $32.05 on Oct 5

Why it stands out

International Paper's Senior Vice President sold $693K of International Paper shares. Nobody planned it ahead of time.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Nov 18, 2025
Reporting period: Not applicable
Filed with the SEC: Dec 17, 2025

OfficerIndirect holding$500K–$1M

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$693,480

Shares × reported transaction price

Timing vs results

19 days after results of Oct 30, 2025, 72 days before results of Jan 29, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $36.85 on Nov 18, 2025, within 2% of its 52-week low, after a 20% drop over the previous 30 trading days

52-week range $36.32 (Nov 5, 2025) to $60.09 (Jan 24, 2025), 2% of the way up, from 250 adjusted closes. 30 trading days earlier: $45.94 on Oct 7, 2025. Describes the past only, not a forecast

Layoff notice nearby

A WARN layoff notice covering 128 workers was filed in California on November 14, 2025.

From the official state WARN list, 4 days before the trade. Shown for timing only; the two filings are separate

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	+3.3%	+2.0%	+1.3%
30 days	+7.9%	+0.2%	+7.8%
90 days	−7.0%	−2.2%	−4.8%
180 days	−6.3%	+10.9%	−17.3%

Past results only. Not a forecast.

Source receipt

Record ID: 0000051434-25-000079
Filed / recorded: Dec 17, 2025, 7:10 PM UTC
Added to OQRO: Oct 2, 2026, 12:28 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: INTERNATIONAL PAPER CO /NEW/
Issuer CIK: 51434
Ticker: IP
Reporting person: Clay R Ellis
Relationship: Officer
Officer title: Senior Vice President
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Nov 18, 2025
Transaction code: S
Shares / units: 18,819
Price per share: $36.85
Acquired / disposed: Disposed (D)
Shares owned after: 0
Ownership form: Indirect — By Plan
Amendment: No

Footnotes from the filing

As part of the International Paper Company's (the "Company's") planned divestiture of its Global Cellulose Fibers business to American Industrial Partners ("AIP"), the Company liquidated International Paper common stock held in the Company stock fund of the International Paper Company Salaried Savings Plan and transitioned the resulting cash value for reinvestment in a new savings plan. This transition was an administrative step carried out as part of the broader divestment process and followed established procedures, rather than any discretionary action by eligible contributing employees in the SSP. As a consequence of this liquidation and reinvestment, there was a disposition of units of Shares attributable to Clayton R. Ellis.