IFF Form 4: EVP Borg RSU settlement and tax-withholding sale detailed
Rhea-AI Filing Summary
International Flavors & Fragrances Inc. (IFF) reporting person Deborah Borg, EVP & Chief People & Culture Officer, disclosed transactions tied to vesting and settlement of restricted stock units (RSUs). On 09/02/2025 a total of 13,808 RSUs were reported as vested and settled (11,506 + 2,302), which converted one-for-one into common shares. Concurrently, 6,050 shares were sold to satisfy tax withholding (1,176 + 5,874) at $66.55 per share. After these transactions, Ms. Borg beneficially owned 40,112 shares (following one reported disposition) and 41,288 shares on another reported line, reflecting the different line-item presentations in the filing. The Form 4 was signed by an attorney-in-fact on 09/03/2025.
Positive
- RSU vesting completed for awards granted Sept. 1, 2022, showing fulfillment of long-term incentive plan
- Conversion one-for-one of RSUs to common stock simplifies share accounting and indicates standard award terms
Negative
- 6,050 shares withheld/sold for taxes (1,176 and 5,874) at $66.55 per share, reducing the net increase in beneficial ownership
Insights
TL;DR: Executive received vested RSUs then withheld shares for taxes; no open-market purchases or sales beyond tax withholding.
The filing documents routine equity compensation processing: RSUs granted in 2022 vested on 09/01/2025 and settled on 09/02/2025 converting one-for-one to common shares. The tax-withholding sale reduced net new shares delivered to the reporting person. There is no indication of discretionary trading or changes to board/officer status. For investors, this is a standard executive compensation event and not a signal of additional insider buying or material disposition beyond withholding.
TL;DR: Transaction reflects planned equity award vesting and standard tax withholding; governance implications are routine.
The Form 4 cites the Equity Choice Plan and Buyout Equity Award as the grant source and notes that RSUs vested on 09/01/2025. Shares withheld for taxes were executed at $66.55 per share. This aligns with typical post-vesting procedures and does not by itself indicate governance concerns or unusual dilution events.