Form 4: IFF Director Carol Anthony Davidson Acquires Restricted Stock Units

Director Carol Anthony Davidson acquired 1,875 Restricted Stock Units (RSUs) of International Flavors & Fragrances Inc. (IFF) on May 1, 2024, convertible to common stock.

Summary

• On May 1, 2024, Carol Anthony Davidson, a director of International Flavors & Fragrances Inc. (IFF), acquired 1,875 Restricted Stock Units (RSUs).
• These RSUs were granted under the Non-Employee Director Compensation Program.
• The RSUs convert to Common Stock on a one-for-one basis.
• The RSUs vest on May 1, 2025.

Sentiment

Score: 6

Explanation: The document indicates a standard director compensation practice, suggesting a neutral sentiment. The acquisition of RSUs can be seen as a positive sign of director confidence, but it's a routine event.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Industry Context

Director compensation through stock grants is a common practice in publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Stock grants to non-employee directors are a standard practice across various industries, including companies like Givaudan, Symrise, and Firmenich (privately held).
• The size of the grant typically depends on the company's compensation policies and the director's role and responsibilities.

Stakeholder Impact

• The acquisition of RSUs by a director can positively influence shareholder sentiment, as it aligns the director's interests with those of the shareholders.

Key Dates