Form 4: IFF Director Cynthia T. Jamison Reports Stock Transactions
SEC Form 4 Filing
Director Cynthia T. Jamison reports the vesting and conversion of restricted stock units (RSUs) into common stock, as well as the grant of additional RSUs.
Summary
- On May 1, 2025, Director Cynthia T. Jamison converted 604 Restricted Stock Units (RSUs) into 604 shares of International Flavors & Fragrances Inc. (IFF) common stock.
- The RSUs vested on the same day, May 1, 2025.
- These RSUs were initially granted on February 3, 2025.
- Additionally, on May 1, 2025, Ms. Jamison was granted 2,569 RSUs under the Non-Employee Director Compensation Program.
- These new RSUs will vest on May 1, 2026.
- Following these transactions, Ms. Jamison directly owns 2,569 RSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The 2,569 RSUs granted on May 1, 2025, will vest on the one-year anniversary of the grant date, May 1, 2026.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions, specifically the vesting and granting of restricted stock units to a director. Such filings are common for publicly traded companies and provide transparency into the compensation structure and ownership stakes of key personnel.
Comparison to Industry Standards
- Director compensation packages often include grants of restricted stock units (RSUs) that vest over time.
- The vesting schedule of one year for the newly granted RSUs is fairly standard.
- Companies like Givaudan, Symrise, and Firmenich also utilize equity-based compensation for their directors and executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increase in the number of shares outstanding upon conversion of the RSUs.
- The vesting of RSUs incentivizes the director to act in the best interests of the company and its shareholders.
Key Dates
| Date | Description |
|---|---|
| February 3, 2025 | Reporting person was granted 604 RSUs |
| May 1, 2025 | 604 RSUs vested and converted to common stock. |
| May 1, 2025 | Reporting person was granted 2,569 RSUs under the Non-Employee Director Compensation Program. |
| May 1, 2026 | 2,569 RSUs will vest. |
| May 5, 2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, IFF, Director, RSU, Restricted Stock Units, Beneficial Ownership, Insider Trading, Cynthia T. Jamison, Stock Transaction
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