Form 4: IFF Director Mark Costa Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
Director Mark Costa reports the vesting of Restricted Stock Units (RSUs) and subsequent transactions involving International Flavors & Fragrances Inc. (IFF) common stock.
Summary
- On May 3, 2024, Director Mark Costa vested 1,671 Restricted Stock Units (RSUs) of International Flavors & Fragrances Inc. (IFF).
- These RSUs converted into 1,671 shares of IFF common stock on a one-for-one basis.
- Following the vesting, Costa directly owns 2,139 shares of IFF common stock.
- The reporting person did not defer the receipt of 1,671 shares of Common Stock pursuant to the Company's deferred compensation plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and carries a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider stock ownership.
Key Dates
| Date | Description |
|---|---|
| 05/03/2024 | Date of RSU vesting and conversion to common stock. |
| 05/07/2024 | Date of signature on the Form 4 filing. |
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