INTERNATIONAL PAPER CO /NEW/
For the period ended Dec 31, 2025. Filed Mar 27, 2026.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Dec 31, 2025 · Filed Mar 27, 2026
Contents
Performance-Based Compensation
We do not provide guaranteed bonuses. Performance-based compensation is pay at risk and is tied directly to Company
performance. Company performance is based on the achievement of specific financial goals, as described below.
In 2025, the MDCC approved new performance metrics for both the short- and long-term incentive plans. Details of these
changes are provided under each element shown below and as described on the following pages.
| Element | IP Incentive Plan / Program | 2025 Performance Metrics for our NEOs | MetricWeight |
|---|---|---|---|
| Short-Term Incentive Plan | Annual Incentive Plan (AIP) | •Adjusted EBITDA(1) | 50% |
| •Revenue | 30% | ||
| •Cash Conversion Cycle | 20% | ||
| Long-Term Incentive Plan | Performance Stock Units (PSUs) | •3-Year Relative TSR | 100% |
GAAP measures.
Other equity awards, including RSUs, may be granted from time to time under limited circumstances to address specific
recruitment, retention or other recognition efforts. All ELT compensation, including any such equity awards, must be
approved by the MDCC. Grants of equity awards to the CEO must be approved by the independent members of the Board.
| 72 \ | International Paper 2026 Proxy Statement |
|---|
Compensation Discussion & Analysis / 4/ Elements of Our Executive Compensation Program
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.