IFF (NYSE: IFF) CAO logs RSU vesting, tax share withholding in Form 4
Rhea-AI Filing Summary
INTERNATIONAL FLAVORS & FRAGRANCES INC Controller & CAO Marc Birenkrant reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding.
On May 1, 2026, 397 RSUs converted into 397 shares of common stock, consistent with the footnote stating RSUs convert to common stock on a one-for-one basis. In connection with this vesting, 144 shares were disposed of at $70.81 per share to cover taxes, a tax-withholding transaction coded "F" rather than an open-market sale. After these transactions, Birenkrant directly held 4,198.15 common shares.
The filing also shows indirect holdings of 2,703.155 shares through a Deferred Compensation Plan and 3,493.916 shares in a 401(k) plan. A prior grant of 1,191 RSUs on May 1, 2024, is disclosed as vesting in three equal annual installments, and the current vesting represents one of those installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 253 shares
Net Buy
5 txns
Insider
Birenkrant Marc
Role
Controller & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 397 | $70.81 | $28K |
| Exercise | Common Stock | 397 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 144 | $70.81 | $10K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,610 shares (Direct);
Common Stock — 4,198.15 shares (Direct);
Common Stock — 3,493.916 shares (Indirect, By 401k);
Common Stock — 2,703.155 shares (Indirect, By Deferred Compensation Plan)
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 1,191 restricted stock units, vesting in three equal installments beginning on the first anniversary of the grant date.
Key Figures
RSUs vested: 397 shares
Shares withheld for taxes: 144 shares
Tax withholding price: $70.81 per share
+4 more
7 metrics
RSUs vested
397 shares
Restricted Stock Units converting one-for-one to common stock on May 1, 2026
Shares withheld for taxes
144 shares
Tax-withholding disposition at $70.81 per share upon RSU vesting
Tax withholding price
$70.81 per share
Price applied to 144 shares withheld for tax liabilities
Direct common shares after transaction
4,198.15 shares
Direct IFF common stock holdings following RSU vesting and tax withholding
Deferred Compensation Plan holdings
2,703.155 shares
Indirect IFF common stock holdings via Deferred Compensation Plan
401(k) plan holdings
3,493.916 shares
Indirect IFF common stock holdings via 401(k) account
Original RSU grant size
1,191 units
RSUs granted May 1, 2024, vesting in three equal annual installments
Key Terms
Restricted Stock Units, tax-withholding disposition, Deferred Compensation Plan, 401k, +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
"Reflects shares withheld for taxes payable upon the vesting of RSUs."
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.
Deferred Compensation Plan financial
"total_shares_following_transaction": "2703.1550", "nature_of_ownership": "By Deferred Compensation Plan""
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
401k financial
"total_shares_following_transaction": "3493.9160", "nature_of_ownership": "By 401k""
An employer-sponsored retirement savings plan in the United States that lets workers set aside part of their paycheck into investments with tax advantages; some plans also include employer matching contributions, which is like free money added to your savings. It matters to investors because 401(k) balances represent a large pool of household retirement assets that influence personal financial security, investor behavior, and long-term demand for stocks and bonds.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did IFF Controller & CAO Marc Birenkrant report on this Form 4?
Marc Birenkrant reported RSU vesting and related tax withholding, not an open-market trade. 397 restricted stock units converted into common shares, and 144 shares were withheld at $70.81 each to satisfy tax obligations arising from the vesting event.
How many International Flavors & Fragrances (IFF) RSUs vested for Marc Birenkrant?
A total of 397 restricted stock units vested and converted into 397 common shares. The filing notes RSUs convert to common stock on a one-for-one basis, reflecting one installment of a larger 1,191-unit grant made on May 1, 2024.
What indirect IFF holdings does Marc Birenkrant report?
He reports 2,703.155 IFF shares held through a Deferred Compensation Plan and 3,493.916 shares held through a 401(k) plan. These are classified as indirect ownership interests and are separate from his directly held 4,198.15 common shares.
What does the prior IFF RSU grant to Marc Birenkrant look like?
On May 1, 2024, Birenkrant was granted 1,191 restricted stock units. The grant vests in three equal installments beginning on the first anniversary of the grant date, and the current 397-unit vesting represents one of those three installments.