Form 4: IFF Director Kathryn Jean Boor Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Kathryn Jean Boor, a director at International Flavors & Fragrances Inc (IFF), reported the acquisition of 1,875 Restricted Stock Units (RSUs) on May 1, 2024, convertible to common stock.
Summary
- On May 1, 2024, Kathryn Jean Boor, 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 are exercisable beginning May 1, 2025, and expire on May 1, 2025.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of director compensation in the form of RSUs. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Positives
- The acquisition of RSUs by a director signals confidence in the company's future performance.
Future Outlook
The document does not contain specific forward-looking statements beyond the vesting and expiration dates of the RSUs.
Industry Context
Director ownership changes are common and closely watched as indicators of management's confidence in the company's prospects. RSU grants are a typical component of director compensation packages in publicly traded companies.
Comparison to Industry Standards
- RSU grants are a common form of compensation for non-employee directors in publicly traded companies, aligning their interests with those of shareholders.
- Companies like Givaudan, Symrise, and Firmenich (privately held) also utilize equity-based compensation for their leadership teams.
- The specific number of RSUs granted can vary based on company size, performance, and director responsibilities.
Related Party Transactions
- The grant of RSUs to Kathryn Jean Boor, a director, is a related party transaction that is disclosed as required by SEC regulations.
Stakeholder Impact
- The RSU grant aligns the director's interests with those of shareholders, as the value of the RSUs is tied to the company's stock performance.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of transaction: Kathryn Jean Boor acquired 1,875 Restricted Stock Units. |
| 05/01/2025 | Date exercisable: Restricted Stock Units are exercisable beginning on this date. |
| 05/01/2025 | Expiration date: Restricted Stock Units expire on this date. |
| 05/03/2024 | Date of signature: Jennifer Johnson, attorney in fact, signed the document. |
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