Form 4: IFF CFO Glenn Richter Reports Stock Transactions
SEC Form 4 Filing
Glenn Richter, CFO of International Flavors & Fragrances Inc., reports the vesting and settlement of restricted stock units and shares withheld for taxes.
Summary
- On October 1, 2024, Glenn Richter, CFO of International Flavors & Fragrances Inc. (IFF), had 11,812 Restricted Stock Units (RSUs) vest and settle into common stock.
- Richter also had 5,122 shares withheld for taxes related to the vesting of these RSUs at a price of $103.12 per share.
- Following these transactions, Richter directly owns 27,049 shares of IFF common stock.
- Richter also directly owns 20,392 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies. It provides transparency into the trading activities of key executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading.
- Similar filings are made by executives at comparable companies like Givaudan, Symrise, and Firmenich, detailing their stock transactions.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation.
Key Dates
| Date | Description |
|---|---|
| 10/01/2021 | Date of grant of Restricted Stock Units (RSUs) that vested on October 1, 2024. |
| 10/01/2024 | Date of vesting and settlement of Restricted Stock Units (RSUs) and shares withheld for taxes. |
| 10/03/2024 | Date of signature of the Form 4 filing. |
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