Item 1A. [RISK FACTORS](#ifca02467bcb44cea9104f4b8b546ac0f121)
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Item 1A. [RISK FACTORS](#ifca02467bcb44cea9104f4b8b546ac0f121)
There have been no material changes from the risk factors disclosed in our Annual Report on Form 10-K for the fiscal year ended December 31, 2020 (Part I, Item 1A).
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS.
| Period | Total Number of Shares Purchased (a) | Average Price Paid per Share | Total Number of Shares Purchased as Part of a Publicly Announced Plan or Program | Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs (in billions) | ||||||||||
| July 1, 2021 - July 31, 2021 | 1,102,595 | $59.94 | 1,101,415 | $1.48 | ||||||||||
| August 1, 2021 - August 31, 2021 | 1,979,380 | 58.65 | 1,978,334 | 1.37 | ||||||||||
| September 1, 2021 - September 30, 2021 | 500,841 | 59.24 | 500,841 | 1.34 | ||||||||||
| Total | 3,582,816 |
(a) 2,226 shares were acquired from employees or board members as a result of share withholdings to pay income taxes under the Company's restricted stock program. The remainder were purchased under a share repurchase program. Under current Board authorization that was increased on October 12, 2021, we are authorized to purchase, in open market transactions (including block trades), privately negotiated transactions or otherwise, up to $3.3 billion of shares of our common stock. This repurchase program does not have an expiration date. As of September 30, 2021, approximately $1.3 billion aggregate amount of shares of our common stock remained authorized for purchase under this program before the increase.
- Schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The registrant agrees to furnish supplementally a copy of any omitted schedule or exhibit to the U.S. Securities and Exchange Commission upon request.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| INTERNATIONAL PAPER COMPANY (Registrant) | ||||||||
| October 28, 2021 | By | /s/ Tim S. Nicholls | ||||||
| Tim S. Nicholls | ||||||||
| Senior Vice President and Chief Financial Officer | ||||||||
| October 28, 2021 | By | /s/ Vincent P. Bonnot | ||||||
| Vincent P. Bonnot | ||||||||
| Vice President – Finance and Controller |
Previous: Item 4. [CONTROLS AND PROCEDURES](#ifca02467bcb44cea9104f4b8b546ac0f112)