IFF CFO reports RSU vesting and tax share withholding
INTERNATIONAL FLAVORS & FRAGRANCES INC EVP and CFO Michael DeVeau reported routine equity compensation activity involving Restricted Stock Units (RSUs) tied to company common stock.
Rhea-AI Filing Summary
INTERNATIONAL FLAVORS & FRAGRANCES INC EVP and CFO Michael DeVeau reported routine equity compensation activity involving Restricted Stock Units (RSUs) tied to company common stock. On May 4, 2026, 884 RSUs converted into an equal number of common shares. To cover taxes due at vesting, 452 of these shares were withheld at a reference price of $70.09 per share, resulting in a net increase of common shares held. Following these transactions, DeVeau directly owned about 14,476 common shares, and 1,768 RSUs from the original 2,652-unit grant dated May 3, 2023 continue to vest in equal annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 884 | $70.09 | $62K |
| Exercise | Common Stock | 884 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 452 | $70.09 | $32K |
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 3, 2023, the reporting person was granted 2,652 RSUs, vesting in three equal installments beginning on the first anniversary of the grant date.
Key Figures
Key Terms
Restricted Stock Units financial
RSUs convert to Common Stock financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did IFF EVP CFO Michael DeVeau report on this Form 4?
Did Michael DeVeau increase his IFF common stock holdings through this RSU vesting?
What are Restricted Stock Units (RSUs) in the context of IFF’s executive compensation?
How is Michael DeVeau’s 2023 RSU grant at IFF structured over time?
AI-generated analysis. How Rhea-AI works. Not financial advice.