IFF (NYSE: IFF) CAO nets common shares from RSU vesting event
Rhea-AI Filing Summary
INTERNATIONAL FLAVORS & FRAGRANCES INC Controller & CAO Marc Birenkrant reported routine equity compensation activity. On May 4, 2026, 389 Restricted Stock Units (RSUs) converted into an equal number of common shares, consistent with the RSUs’ one-for-one conversion feature.
To cover taxes due at vesting, 141 common shares were withheld at $70.09 per share, a tax-withholding disposition rather than an open-market sale. Following these events, Birenkrant held 4,446.15 common shares directly, plus 3,493.916 shares through a deferred compensation plan and 2,703.155 shares through a 401(k), all reported as indirect ownership.
The footnotes note that these RSUs were part of a grant of 1,167 RSUs awarded on May 3, 2023, vesting in three equal installments beginning on the first anniversary of the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 389 | $70.09 | $27K |
| Exercise | Common Stock | 389 | $0.00 | -- |
| Tax Withholding | Common Stock | 141 | $70.09 | $10K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The Restricted Stock Units ("RSUs") convert to Common Stock on a one-for-one basis. Reflects shares withheld for taxes payable upon the vesting of RSUs. On May 3, 2023, the reporting person was granted 1,167 RSUs, vesting in three equal installments beginning on the first anniversary of the grant date.