Form 4: IFF Director Ferraro Acquires Restricted Stock Units

Director John Francis Ferraro acquired 1,875 Restricted Stock Units (RSUs) of International Flavors & Fragrances Inc. (IFF) on May 1, 2024, under the Non-Employee Director Compensation Program.

Summary

• On May 1, 2024, John Francis Ferraro, 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: 7

Explanation: The sentiment is neutral to positive. It reflects a standard director compensation practice, indicating confidence in the company's future.

Positives

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

Future Outlook

The director will be able to convert the RSUs to common stock on a one-for-one basis on May 1, 2025.

Industry Context

This is a standard Form 4 filing, reporting a director's acquisition of restricted stock units, a common form of executive compensation.

Comparison to Industry Standards

• Director compensation packages often include restricted stock units to align the interests of directors with those of shareholders.
• The vesting period of one year is a typical timeframe for RSU grants.

Stakeholder Impact

• The acquisition of RSUs by a director aligns their interests with those of shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates