Form 4: IFF Director Ferraro Receives Restricted Stock Units

Director John Francis Ferraro of International Flavors & Fragrances Inc. (IFF) acquired 2,569 Restricted Stock Units (RSUs) on May 1, 2025, convertible to common stock, under the Non-Employee Director Compensation Program.

Summary

• On May 1, 2025, John Francis Ferraro, a director of International Flavors & Fragrances Inc. (IFF), was granted 2,569 Restricted Stock Units (RSUs).
• These RSUs were granted under the Non-Employee Director Compensation Program.
• Each RSU converts to one share of IFF common stock.
• The RSUs will vest on May 1, 2026, which is the one-year anniversary of the grant date.
• Following the transaction, Ferraro directly owns 2,569 shares of IFF common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The granting of RSUs to a director is a standard practice and aligns their interests with shareholders. It suggests confidence in the company's future performance.

Positives

• The grant of RSUs to a director aligns their interests with those of the shareholders, potentially incentivizing them to work towards the company's long-term success.

Future Outlook

The director's holdings will increase by 2,569 shares of common stock upon vesting of the RSUs on May 1, 2026.

Industry Context

This type of equity compensation is common for directors of publicly traded companies like IFF, aligning their interests with shareholders and incentivizing long-term value creation. It's a standard practice to attract and retain qualified board members.

Comparison to Industry Standards

• Granting restricted stock units (RSUs) to non-employee directors is a common practice among publicly traded companies, including IFF's peers in the flavors and fragrances industry.
• Companies like Givaudan and Symrise also utilize equity-based compensation for their board members to align their interests with shareholders.
• The number of RSUs granted and their vesting schedule are generally determined based on factors such as the director's role, company performance, and industry benchmarks.

Stakeholder Impact

• The grant of RSUs to a director can positively impact shareholders by aligning the director's interests with the company's long-term success.
• Employees may view this as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

Restricted Stock Units, RSUs, Director Compensation, Form 4, IFF, International Flavors & Fragrances, Ferraro, Beneficial Ownership