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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,302 | $0.00 | -- |
| Exercise | Restricted Stock Units | 11,506 | $0.00 | -- |
| Exercise | Common Stock | 11,506 | $0.00 | -- |
| Exercise | Common Stock | 2,302 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,176 | $66.55 | $78K |
| Tax Withholding | Common Stock | 5,874 | $66.55 | $391K |
Footnotes (1)
- Reflects vesting and settlement of Restricted Stock Units ("RSUs") granted on September 1, 2022 pursuant to the Equity Choice Plan and Buyout Equity Award. The RSUs convert to Common Stock on a one-for-one basis. Reflects shares withheld for taxes payable upon the vesting of RSUs. The RSUs vested on September 1, 2025.