Form 4: IFF CEO Frank Clyburn Reports Stock Transactions
SEC Form 4 Filing
Frank Clyburn, CEO of International Flavors & Fragrances Inc., reports the vesting and settlement of restricted stock units and associated tax withholding.
Summary
- On March 1, 2024, Frank Clyburn, the CEO of International Flavors & Fragrances Inc. (IFF), had 1,324 Restricted Stock Units (RSUs) vest and settle into common stock.
- These RSUs were granted on March 1, 2022, and converted to common stock on a one-for-one basis.
- Also on March 1, 2024, 323 shares were withheld for taxes payable upon the vesting of the RSUs at a price of $75.88.
- Following these transactions, Clyburn directly owns 1,847 shares of IFF common stock and 33,682 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a neutral report on standard executive compensation activity.
Industry Context
This is a routine disclosure of insider transactions, common for executives receiving stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Date the Restricted Stock Units were granted. |
| 03/01/2024 | Date of RSU vesting and settlement, and tax withholding. |
| 03/05/2024 | Date of the Form 4 filing. |
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