IFF (NYSE: IFF) EVP Deborah Borg vests RSUs, 713 shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
INTERNATIONAL FLAVORS & FRAGRANCES INC EVP Deborah Borg reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On May 4, 2026, 1,768 RSUs converted into the same number of Common Stock shares on a one-for-one basis at a reference price of $70.09 per share. To cover taxes due on this vesting, 713 Common Stock shares were withheld, described as payment of tax liabilities rather than an open-market sale. After these transactions, Borg held 37,925 Common Stock shares directly and 19,003 RSUs that remain outstanding, reflecting continued equity exposure to the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,768 shares exercised/converted
Mixed
3 txns
Insider
Borg Deborah
Role
EVP, Chief Ppl&Culture Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,768 | $70.09 | $124K |
| Exercise | Common Stock | 1,768 | $0.00 | -- |
| Tax Withholding | Common Stock | 713 | $70.09 | $50K |
Holdings After Transaction:
Restricted Stock Units — 19,003 shares (Direct, null);
Common Stock — 38,638 shares (Direct, null)
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 5,304 restricted stock units, vesting in three equal installments beginning on the first anniversary of the grant date.
Key Figures
RSUs converted: 1,768 shares
Tax-withheld shares: 713 shares
Reference price per share: $70.09 per share
+3 more
6 metrics
RSUs converted
1,768 shares
Restricted Stock Units converting to Common Stock on May 4, 2026
Tax-withheld shares
713 shares
Common Stock shares withheld to cover taxes on RSU vesting
Reference price per share
$70.09 per share
Price associated with RSU conversion and tax-withholding entries
Common Stock holdings after transactions
37,925 shares
Direct Common Stock ownership following RSU conversion and tax withholding
RSUs outstanding after transactions
19,003 units
Restricted Stock Units remaining after partial vesting on May 4, 2026
RSU grant size
5,304 units
RSUs granted on May 3, 2023, vesting in three equal installments
Key Terms
Restricted Stock Units, one-for-one basis, taxes payable upon the vesting, Exercise or conversion of derivative security, +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.
one-for-one basis financial
"The Restricted Stock Units ("RSUs") convert to Common Stock on a one-for-one basis."
taxes payable upon the vesting financial
"Reflects shares withheld for taxes payable upon the vesting of RSUs."
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description": "Payment of exercise price or tax liability by delivering securities""
FAQ
What did IFF executive Deborah Borg report in this Form 4 filing for IFF?
Deborah Borg reported RSU vesting and related tax withholding, not an open-market trade. 1,768 restricted stock units converted into Common Stock, and 713 shares were withheld to pay taxes, leaving her with increased direct share ownership and remaining RSU holdings.
What are Deborah Borg’s IFF Common Stock holdings after these transactions?
After the reported transactions, Deborah Borg directly held 37,925 Common Stock shares of INTERNATIONAL FLAVORS & FRAGRANCES INC. This reflects net shares remaining following RSU conversion and tax withholding, indicating her ongoing direct equity stake in the company.
How many restricted stock units remain outstanding for Deborah Borg at IFF?
Following the vesting event, the Form 4 shows 19,003 restricted stock units outstanding for Deborah Borg. These RSUs, granted earlier and vesting over time, represent additional potential future Common Stock exposure as they convert on a one-for-one basis when vesting.
Was this IFF Form 4 a market sale or routine tax withholding event?
The filing describes a tax-withholding disposition tied to RSU vesting, not an open-market sale. Shares were withheld to satisfy taxes upon conversion of RSUs to Common Stock, reflecting routine compensation-related mechanics instead of a discretionary sale of IFF shares.