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 May 3, 2024, Glenn Richter, CFO of International Flavors & Fragrances Inc. (IFF), reported transactions involving the company's common stock.
- These transactions included the vesting and settlement of 4,243 Restricted Stock Units (RSUs) which converted to common stock on a one-for-one basis.
- Additionally, 1,530 shares were withheld for taxes payable upon the vesting of the RSUs at a price of $86.64.
- Following these transactions, Richter directly owns 20,359 shares of IFF common stock and 32,204 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation, and does not indicate positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates standard compensation practices involving stock-based compensation for executives.
Stakeholder Impact
- The vesting of RSUs impacts shareholders by increasing the number of outstanding shares, though the effect is likely minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 05/03/2023 | Date of grant for the Restricted Stock Units (RSUs) that vested on May 3, 2024. |
| 05/03/2024 | Date of RSU vesting and settlement, and shares withheld for taxes. |
| 05/07/2024 | Date of signature for the Form 4 filing. |
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