Form 4: IFF Director Dawn C. Willoughby Acquires Restricted Stock Units

Dawn C. Willoughby, a director of International Flavors & Fragrances Inc. (IFF), acquired 2,569 Restricted Stock Units (RSUs) on May 1, 2025, under the Non-Employee Director Compensation Program.

Summary

• On May 1, 2025, Dawn C. Willoughby, a director at International Flavors & Fragrances Inc. (IFF), acquired 2,569 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 will vest on the one-year anniversary of the grant date, which is expected to be May 1, 2026.
• Following the transaction, Willoughby directly owns 2,569 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of RSUs by a director is generally seen as a positive sign, indicating confidence in the company's future. However, it's a routine transaction and doesn't necessarily indicate a major shift in the company's prospects.

Positives

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

Future Outlook

The vesting of the RSUs on May 1, 2026, will result in the issuance of 2,569 shares of IFF Common Stock to Dawn C. Willoughby.

Industry Context

Director compensation in the form of stock options and restricted stock units is a common practice in publicly traded companies to align the interests of management with those of shareholders.

Comparison to Industry Standards

• Comparing IFF's director compensation structure to companies like Givaudan, Symrise, and Firmenich would provide a benchmark for assessing the competitiveness and appropriateness of the compensation package.
• Reviewing the vesting schedules and equity ownership guidelines of similar companies can offer insights into industry best practices.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's long-term success.
• The vesting of RSUs will slightly increase the number of outstanding shares.

Key Dates

Keywords

Restricted Stock Units, Director Compensation, Form 4, IFF, International Flavors & Fragrances, Beneficial Ownership, Willoughby, Equity