International Paper executive compensation 2025 LTIP moves to 100% PSUs with relative TSR metric

INTERNATIONAL PAPER CO /NEW/

2025 LTIP approved Dec 9, 2024; executive officers now receive 100% performance stock units (PSUs) vs. prior 80/20 split.
Sole performance metric is relative total shareholder return (TSR) against 40-company S&P Composite 1500 Materials Index peer group.
Award values approved: CEO Silvernail $12.5M, CFO Nicholls $3.5M, EVP Hamic $2.8M, General Counsel Saab $2.0M.
PSUs vest over three-year performance period; performance range 0%–200%.
Compensation committee increased total direct compensation for Nicholls and Saab based on market positioning.

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