IFF (NYSE: IFF) EVP reports RSU vesting and tax-share withholding
Rhea-AI Filing Summary
INTERNATIONAL FLAVORS & FRAGRANCES EVP Ralf Finzel reported routine equity compensation activity involving Restricted Stock Units (RSUs) and common stock. RSUs converted into 1,326 shares of common stock, and 734 shares were withheld to cover taxes upon vesting. After these transactions, Finzel directly holds 17,621 common shares. The RSUs convert to common stock on a one‑for‑one basis under a prior grant made on May 3, 2023, which vests in three equal installments starting on the first anniversary of the grant date.
Positive
- None.
Negative
- None.
Insights
Routine RSU vesting with tax withholding; limited signal for IFF.
Executive vice president Ralf Finzel exercised 1,326 Restricted Stock Units, which converted into an equal number of INTERNATIONAL FLAVORS & FRAGRANCES common shares. This reflects an automatic vesting of previously granted RSUs rather than an open-market purchase.
To satisfy tax obligations on the vesting, 734 shares of common stock were withheld, consistent with the F transaction code. After these movements, Finzel holds 17,621 common shares directly. With no remaining derivatives listed, this looks like standard compensation and tax treatment rather than an active trading decision.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,326 | $70.09 | $93K |
| Exercise | Common Stock | 1,326 | $0.00 | -- |
| Tax Withholding | Common Stock | 734 | $70.09 | $51K |
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 3,978 RSUs, vesting in three equal installments beginning on the first anniversary of the grant date.
Key Figures
Key Terms
Restricted Stock Units financial
tax-withholding disposition financial
derivative security financial
vesting financial
AI-generated analysis. How Rhea-AI works. Not financial advice.