Form 4: IFF CFO Michael DeVeau Reports Stock Transactions

CFO of International Flavors & Fragrances, Michael DeVeau, reports acquisition of shares through a long-term incentive plan and subsequent disposal to cover tax obligations.

Summary

• Michael DeVeau, CFO of International Flavors & Fragrances Inc. (IFF), reported transactions involving the company's common stock on March 4, 2025.
• He acquired 101 shares as part of the 2022-2024 Long Term Incentive Plan (LTIP), with the share number determined based on the average closing market price prior to January 1, 2022.
• He also disposed of 42 shares to satisfy tax withholding obligations related to the LTIP share receipt at a price of $79.79 per share.
• Following these transactions, DeVeau directly owns 8,210.572 shares of IFF common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral. It reflects standard executive compensation practices and compliance with reporting requirements. There are no indications of unusual or concerning activity.

Positives

• The acquisition of shares through the LTIP indicates a performance-based incentive for the CFO.

Negatives

• The disposal of shares to cover tax obligations, while standard, slightly reduces the CFO's holdings.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. This filing is typical for executives receiving stock-based compensation.

Comparison to Industry Standards

• Stock-based compensation is a common practice among publicly traded companies to align executive interests with shareholder value.
• Companies like Givaudan, Symrise, and Firmenich also utilize similar long-term incentive plans for their executives.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates