International Paper Corrects Administrative Error in Executive Shareholding Tax Withholdings

International Paper has issued a replacement announcement to correct an administrative error related to executive shareholdings. The correction specifically addresses an incorrect calculation of tax withholdings for Director Timothy S. Nicholls. This error, stemming from federal tax calculations for Nicholls as an expatriate, led to an improper number of shares being withheld for tax purposes. The updated notification clarifies these details, ensuring accurate reporting of his shareholding. Furthermore, the announcement includes updated vesting information for W. Thomas Hamic and Joseph R. Saab. This procedural update is considered a minor administrative correction with no material impact on the company's operations or financial performance.