Form 4: IFF Director & 10% Owner Buys $1M+ Shares

International Flavors & Fragrances Director and 10% owner Paul J. Fribourg purchased 15,450 shares of common stock for over $1 million under a pre-arranged trading plan.

Summary

• Paul J. Fribourg, a Director and 10% owner of International Flavors & Fragrances Inc. (IFF), acquired 15,450 shares of IFF common stock.
• The purchase was made on August 7, 2025, at a weighted average price of $64.8015 per share, with prices ranging from $64.5650 to $64.9100.
• The total value of the direct purchase was approximately $1,001,482.28.
• This transaction was executed under a Rule 10b5-1(c) pre-arranged trading plan.
• Following this transaction, Mr. Fribourg directly owns 15,450 shares.
• Additionally, 2,280,730 shares are indirectly owned by Continental Grain Company (CGC), where Mr. Fribourg serves as Chairman and Chief Executive Officer; however, he expressly disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 8

Explanation: The purchase of over $1 million in company stock by a Director and 10% owner, especially under a 10b5-1 plan, indicates strong insider confidence in the company's future prospects and valuation.

Positives

• A Director and 10% owner, Paul J. Fribourg, purchased shares, indicating confidence in the company's future prospects.
• The purchase was made under a Rule 10b5-1 plan, suggesting a long-term investment strategy and pre-planned commitment.
• The transaction value of over $1 million represents a significant personal investment by a key insider.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing beyond the future transaction date.

Industry Context

This filing reports an insider stock purchase, which is a company-specific event. While it does not directly relate to broader industry trends, insider buying can signal confidence in the company's position within its sector (flavors and fragrances).

Related Party Transactions

• Paul J. Fribourg's indirect beneficial ownership of 2,280,730 shares through Continental Grain Company (CGC), where he serves as Chairman and CEO, is disclosed. He disclaims beneficial ownership except for his pecuniary interest.

Stakeholder Impact

• Shareholders: The insider purchase may instill confidence among existing shareholders and potentially attract new investors, as it signals management's belief in the company's value.

Key Dates

Recommendation

The significant purchase of company stock by a Director and 10% owner, Paul J. Fribourg, signals strong insider confidence in International Flavors & Fragrances' future. This insider buying, especially when executed under a pre-arranged 10b5-1 plan, suggests a belief that the stock is undervalued or poised for future growth. Such a move by a major stakeholder is often interpreted as a positive indicator for the stock's performance.

Keywords

International Flavors & Fragrances, IFF, Insider Trading, Form 4, Stock Purchase, Paul J. Fribourg, 10b5-1 Plan, Director, 10% Owner, Common Stock