Form 4: IFF Director Richard Mulligan Receives RSU Grant

International Flavors & Fragrances director Richard Mulligan was granted 2,903 restricted stock units as part of the company's non-employee director compensation program.

Summary

• Director Richard Mulligan received a grant of 2,903 Restricted Stock Units (RSUs) on April 29, 2026.
• The RSUs were issued under the International Flavors & Fragrances Inc. (IFF) Non-Employee Director Compensation Program.
• Each RSU represents a right to receive one share of IFF common stock upon vesting.
• The units are scheduled to vest on April 29, 2027, the one-year anniversary of the grant date.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations or financial outlook.

Positives

• Alignment of director interests with long-term shareholder value through equity-based compensation.

Negatives

• None identified; this is a standard compensatory equity grant for a board member.

Risks

• Standard market risks associated with equity ownership and potential fluctuations in IFF share price.

Future Outlook

The RSUs will convert to common stock on a one-for-one basis upon vesting on April 29, 2027.

Industry Context

StockSavvy.ai notes that equity-based compensation for non-employee directors is a standard corporate governance practice in the specialty chemicals and ingredients sector to ensure board members maintain a vested interest in company performance.

Comparison to Industry Standards

• The grant of RSUs to directors is consistent with standard compensation packages for S&P 500 and large-cap industrial companies.
• The one-year cliff vesting schedule is a common industry standard for director equity awards.

Stakeholder Impact

• Minimal impact on shareholders; represents standard director compensation.

Next Steps

• Vesting of the 2,903 RSUs on April 29, 2027.

Key Dates

Keywords

IFF, International Flavors & Fragrances, Director Compensation, Restricted Stock Units, Insider Transaction, Equity Grant