IFF EVP exercises RSUs; shares withheld for taxes
INTERNATIONAL FLAVORS & FRAGRANCES INC executive Ralf Finzel reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding.
Rhea-AI Filing Summary
INTERNATIONAL FLAVORS & FRAGRANCES INC executive Ralf Finzel reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On May 1, 2026, RSUs converted into 1,984 shares of Common Stock through a derivative exercise.
To cover taxes due at vesting, 1,098 Common Stock shares were withheld, classified as a tax-withholding disposition rather than an open-market sale. After these transactions, Finzel directly held 17,029 shares of Common Stock and 14,506 RSUs. A prior grant on May 1, 2024 awarded 5,953 RSUs, vesting in three equal installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,984 shares exercised/converted
Exercise
3 txns
Insider
Finzel Ralf
Role
EVP, Global Operations Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,984 | $70.81 | $140K |
| Exercise | Common Stock | 1,984 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,098 | $70.81 | $78K |
Holdings After Transaction:
Restricted Stock Units — 14,506 contracts (Direct);
Common Stock — 17,029 shares (Direct)
Footnotes (3)
- F1. The Restricted Stock Units ("RSUs") convert to Common Stock on a one-for-one basis.
- F2. Reflects shares withheld for taxes payable upon the vesting of RSUs.
- F3. On May 1, 2024, the reporting person was granted 5,953 RSUs, vesting in three equal installments beginning on the first anniversary of the grant date.
Key Figures
RSUs converted: 1,984 shares
Shares withheld for taxes: 1,098 shares
Common Stock held after: 17,029 shares
+3 more
6 metrics
RSUs converted
1,984 shares
RSUs converting to Common Stock on May 1, 2026
Shares withheld for taxes
1,098 shares
Common Stock withheld upon RSU vesting for tax liability
Common Stock held after
17,029 shares
Direct Common Stock holdings following transactions
RSUs held after
14,506 units
Restricted Stock Units remaining after conversion transaction
RSUs granted May 1, 2024
5,953 units
Grant vesting in three equal installments beginning first anniversary
Implied RSU price reference
$70.81 per share
Price per share shown with RSU-related entries
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative exercise/conversion, Common Stock, +1 more
5 terms
Restricted Stock Units financial
"The Restricted Stock Units ("RSUs") convert to Common Stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for shares withheld for taxes"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion" describing RSUs converting into Common Stock"
Common Stock financial
"RSUs convert to Common Stock on a one-for-one basis."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
vesting financial
"Reflects shares withheld for taxes payable upon the vesting of RSUs."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did IFF EVP Ralf Finzel report?
Ralf Finzel reported RSU vesting and related tax withholding at INTERNATIONAL FLAVORS & FRAGRANCES INC. RSUs converted into 1,984 Common Stock shares, and 1,098 shares were withheld to pay taxes, with no open-market buying or selling activity disclosed.
Were Ralf Finzel’s IFF transactions open-market purchases or sales?
The filing shows no open-market purchases or sales. Activity consisted of RSUs converting into 1,984 Common Stock shares and 1,098 shares withheld for tax obligations, a standard mechanism for covering taxes at vesting rather than discretionary trading in the market.
What does the RSU grant disclosed for Ralf Finzel at IFF involve?
On May 1, 2024, Ralf Finzel was granted 5,953 restricted stock units by INTERNATIONAL FLAVORS & FRAGRANCES INC. These RSUs vest in three equal installments, beginning on the first anniversary of the grant date, creating scheduled future conversions into Common Stock over time.
How are Ralf Finzel’s RSUs at IFF converted into Common Stock?
The RSUs convert to INTERNATIONAL FLAVORS & FRAGRANCES INC Common Stock on a one-for-one basis. When vesting occurs, each RSU becomes one share of Common Stock, subject to applicable tax withholding, which may involve the company retaining some shares to satisfy tax liabilities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
