IFF (IFF) director converts 2,569 RSUs into deferred Stock Equivalent Units
Rhea-AI Filing Summary
INTERNATIONAL FLAVORS & FRAGRANCES INC director Dawn C. Willoughby reported a vesting-and-deferral transaction involving 2,569 share-based units. On May 1, 2025, she was granted 2,569 Restricted Stock Units (RSUs), which all vested on May 1, 2026.
Upon vesting, instead of taking 2,569 shares of Common Stock, she deferred receipt and received 2,569 Stock Equivalent Units under the company’s deferred compensation plan. Both the RSUs and the Stock Equivalent Units convert into Common Stock on a one-for-one basis. The Units will be paid in Common Stock when she leaves the Board or on a set retirement-related date.
Positive
- None.
Negative
- None.
Insights
Routine director RSU vesting with deferral into stock units; no open‑market trading.
Dawn C. Willoughby, a director of INTERNATIONAL FLAVORS & FRAGRANCES INC, reported 2,569 RSUs vesting and simultaneously being exchanged for 2,569 Stock Equivalent Units. The transactions are coded as an acquisition of stock equivalent units and a disposition of RSUs back to the issuer.
This pattern reflects use of the company’s non-employee director compensation and deferred compensation programs rather than discretionary buying or selling. The Units are payable in Common Stock when she leaves the Board or on a specified retirement-related date, so the economic exposure to IFF stock continues through these deferred units.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units | 2,569 | $0.00 | -- |
| Grant/Award | Stock Equivalent Unit | 2,569 | $0.00 | -- |
Footnotes (1)
- The Restricted Stock Units ("RSUs") convert to Common Stock on a one-for-one basis. Represent RSUs granted under the Non-Employee Director Compensation Program. On May 1, 2025, the reporting person was granted 2,569 RSUs, all of which vested on May 1, 2026. Upon the vesting of RSUs on May 1, 2026, the reporting person deferred the receipt of 2,569 shares of Common Stock and received instead 2,569 Stock Equivalent Units ("Units") pursuant to the Company's deferredcompensation plan. The Units convert to Common Stock on a one-for-one basis. The Units are payable in Common Stock upon the earlier of the reporting person ceasing to serve as a member of the Company's Board of Directors or January 1 following retirement.