Form 4: IFF Director Mark J. Costa Acquires Restricted Stock Units
SEC Form 4 Filing
Director Mark J. Costa acquired 1,875 Restricted Stock Units (RSUs) of International Flavors & Fragrances Inc. (IFF) on May 1, 2024, convertible to common stock.
Summary
- On May 1, 2024, Mark J. Costa, 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: 6
Explanation: The sentiment is neutral. It's a routine transaction related to director compensation.
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 beyond the vesting date of the RSUs.
Industry Context
Director compensation in the form of stock and options is a common practice in publicly traded companies to align the interests of management with those of shareholders.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders by aligning director interests with company performance.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of transaction: Mark J. Costa acquired 1,875 Restricted Stock Units. |
| 05/01/2025 | Date the Restricted Stock Units vest and convert to common stock. |
| 05/03/2024 | Date of filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.