IFF (NYSE: IFF) director discloses 5-share holding via amended Form 3/A
Filing Impact
Filing Sentiment
Form Type
3/A
Rhea-AI Filing Summary
INTERNATIONAL FLAVORS & FRAGRANCES INC director Mark J. Costa filed an amended initial ownership report showing beneficial ownership of 5 shares of common stock. A footnote explains these shares were held in a tax loss harvesting account managed by his broker, who had sole discretion over trading decisions, and that the shares were acquired automatically without his prior awareness.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Costa Mark J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What does the Form 3/A filing for IFF director Mark J. Costa show?
The Form 3/A shows Mark J. Costa beneficially owning 5 shares of INTERNATIONAL FLAVORS & FRAGRANCES INC common stock. It amends his initial ownership disclosure and clarifies how these shares were acquired and held in a broker-managed account.
What is the significance of the broker-managed tax loss harvesting account in the IFF Form 3/A?
The filing states the reported shares were held in a tax loss harvesting account managed by the broker, who had sole discretion over all trading. The broker, not Costa, controlled and executed the automatic acquisition that led to these holdings.
Does the IFF Form 3/A indicate any insider buying or selling activity by Mark J. Costa?
The Form 3/A characterizes the entry as a holding, not an explicit purchase or sale by Costa. It clarifies that the broker had sole discretion over trading decisions in the tax loss harvesting account where the shares were acquired automatically.