Form 4: IFF Director Mark J. Costa Reports Stock Transactions

Director Mark J. Costa reports the vesting and conversion of restricted stock units into common stock of International Flavors & Fragrances Inc.

Summary

• On May 1, 2025, Director Mark J. Costa reported transactions involving International Flavors & Fragrances Inc. (IFF) stock.
• Costa converted 1,875 Restricted Stock Units (RSUs) into common stock at a price of $0 per unit.
• These RSUs vested on May 1, 2025.
• Costa also acquired 2,569 RSUs under the Non-Employee Director Compensation Program, which will vest on May 1, 2026.
• Following these transactions, Costa directly owns 2,569 derivative securities and 4,014 shares of common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The acquisition of additional RSUs indicates continued alignment of the director's interests with the company's long-term performance.

Future Outlook

The director's holdings will increase upon the vesting of the newly granted RSUs in May 2026.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in the company's stock. This filing is part of the standard regulatory requirements for directors of publicly traded companies.

Comparison to Industry Standards

• Director compensation packages often include grants of restricted stock units that vest over time, aligning the director's interests with the long-term performance of the company.
• The vesting schedule of one year for the newly granted RSUs is a fairly standard practice.
• Comparing the size of the RSU grants to those of directors at peer companies like Givaudan, Symrise, and Firmenich would provide further context on the competitiveness of IFF's director compensation.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard director compensation practices.
• The vesting of RSUs incentivizes the director to act in the best interests of the company and its shareholders.

Next Steps

• The newly granted RSUs will vest on May 1, 2026.

Key Dates

Keywords

IFF, International Flavors & Fragrances, Mark J. Costa, Director, Form 4, Restricted Stock Units, RSUs, Beneficial Ownership, Stock Transaction