Form 4: IFF Director Kevin O'Byrne Reports Acquisition of Restricted Stock Units

Director Kevin O'Byrne reports acquisition of 1,875 Restricted Stock Units (RSUs) in International Flavors & Fragrances Inc. (IFF) on May 1, 2024.

Summary

• On May 1, 2024, Kevin O'Byrne, 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 and are priced at $0.00.
• The RSUs vest on May 1, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of director compensation, which is neither particularly positive nor negative.

Positives

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

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance, but the granting of RSUs suggests an expectation of continued service and contribution from the director.

Industry Context

Director compensation through stock grants is a common practice in publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Stock-based compensation for directors is a standard practice across various industries, including the flavor and fragrance sector.
• Companies like Givaudan and Symrise also utilize equity-based compensation to incentivize their board members.
• The specific amount and vesting schedule of RSUs can vary based on company size, performance, and industry norms.

Stakeholder Impact

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

Key Dates