(IP)

Role: Director
Signature: /s/ Alan R. Haguewood, Attorney-in-Fact for Mr. Gustafsson
Stock symbol: IP
Transactions as of: May 10, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/11/2021, 10:31 AM
Previous filing: May 10, 2021
Next filing: May 24, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IP	Common Stock	Award	$0	+5.14K	+30.32%	$0.00	22.1K	May 10, 2021	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The shares reported were awarded to the participant for service as a director for the 2021-2022 performance year. Shares become free of restrictions and non-forfeitable on the earliest of: (1) May 10, 2022, (ii) death, (iii) disability, (iv) retirement or (v) resignation with the consent of the Board of Directors. In the event of a resignation, the award would be reduced pro rata based on length of service.
F2	Share numbers are rounded.

Content

The shares reported were awarded to the participant for service as a director for the 2021-2022 performance year. Shares become free of restrictions and non-forfeitable on the earliest of: (1) May 10, 2022, (ii) death, (iii) disability, (iv) retirement or (v) resignation with the consent of the Board of Directors. In the event of a resignation, the award would be reduced pro rata based on length of service.

Share numbers are rounded.