Form 4: Director Brett Icahn Acquires IFF Restricted Stock Units

International Flavors & Fragrances Director Brett Icahn reported the acquisition of 1,712 Restricted Stock Units, vesting on May 1, 2026.

Summary

• Brett Icahn, a Director and 10% Owner of International Flavors & Fragrances Inc. (IFF), acquired 1,712 Restricted Stock Units (RSUs).
• The transaction date for the RSU acquisition was November 3, 2025.
• These RSUs convert to Common Stock on a one-for-one basis.
• The RSUs will vest on May 1, 2026.
• Following this transaction, Brett Icahn beneficially owns 1,712 derivative securities (RSUs).

Sentiment

Score: 6

Explanation: Slightly positive. While not a cash purchase, the grant of RSUs to a director indicates continued alignment of interests with shareholders and is a standard form of executive compensation.

Positives

• The acquisition of Restricted Stock Units by a Director aligns management's interests with those of shareholders, as the value of the compensation is tied to the company's stock performance.

Negatives

• The RSUs were granted at a price of $0.0000, indicating they are compensation rather than an open market purchase, which would signal a direct cash investment by the insider.

Future Outlook

The filing does not contain specific forward-looking statements or guidance beyond the vesting date of the Restricted Stock Units.

Industry Context

This Form 4 filing reports an individual insider transaction and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: The RSU grant to a director can be viewed as a positive for shareholders, as it ties a portion of the director's compensation directly to the company's stock performance, fostering alignment of interests.

Next Steps

• The Restricted Stock Units are scheduled to vest on May 1, 2026, at which point they will convert to common stock.

Key Dates

Recommendation

This Form 4 reports a routine compensation grant of Restricted Stock Units to a director, rather than an open market purchase or sale. While it indicates continued insider alignment, the relatively small number of units and the nature of the grant (compensation vs. cash investment) do not provide sufficient new information to warrant a strong directional change in investment recommendation. Therefore, a 'hold' recommendation is appropriate, maintaining current positions while awaiting more substantive operational or financial news.

Keywords

IFF, International Flavors & Fragrances, Brett Icahn, Form 4, Restricted Stock Units, RSU, Director, Insider Transaction, Beneficial Ownership