(IP)

Role: Director
Signature: /s/ Amy M. Beeson, Attorney-in-Fact for Mr. Gustafsson
Stock symbol: IP
Transactions as of: May 8, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/11/2023, 11:26 AM
Previous filing: May 8, 2023
Next filing: Aug 7, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IP	Common Stock	Award	$0	+9.8K	+33.82%	$0.00	38.8K	May 8, 2023	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 2023-2024 performance year. Shares become free of restrictions and non-forfeitable on the earliest of: (1) May 8, 2024, (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 2023-2024 performance year. Shares become free of restrictions and non-forfeitable on the earliest of: (1) May 8, 2024, (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.