IFF (NYSE: IFF) CAO granted RSUs, exercises awards and covers taxes
Rhea-AI Filing Summary
INTERNATIONAL FLAVORS & FRAGRANCES INC Controller & CAO Marc Birenkrant reported compensation-related equity activity. On April 1, 2026, he received a grant of 2,480 Restricted Stock Units (RSUs) that each convert into one share of common stock.
The new RSUs vest in three equal tranches on April 1, 2027, April 1, 2028 and April 1, 2029, subject to continued employment. On the same date, 473 previously granted RSUs vested and were exercised into 473 common shares at a reference price of $72.57 per share, with 171 of those shares withheld to cover tax obligations.
After these transactions, Birenkrant directly holds 3,945.15 shares of common stock, along with indirect holdings through a 401k plan and a Deferred Compensation Plan. The filing reflects routine equity compensation grants, vesting and tax withholding rather than open‑market share purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,480 | $0.00 | -- |
| Exercise | Restricted Stock Units | 473 | $72.57 | $34K |
| Exercise | Common Stock | 473 | $0.00 | -- |
| Tax Withholding | Common Stock | 171 | $72.57 | $12K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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. RSUs vest in three equal tranches with respect to the shares of Common Stock on each of April 1, 2027, April 1, 2028 and April 1, 2029, subject to continued employment with IFF. RSUs vested on April 1, 2026.