Form 4: IFF Executive Ana Paula Teles de Mendonca Reports Stock Transactions

Ana Paula Teles de Mendonca, President of Scent at International Flavors & Fragrances Inc., reports the vesting and settlement of restricted stock units and associated tax withholding.

Summary

• On May 3, 2024, Ana Paula Teles de Mendonca vested and settled 707 Restricted Stock Units (RSUs) which converted to common stock on a one-for-one basis.
• 255 shares were withheld for taxes at a price of $86.64 per share, resulting in a remaining balance of 452 shares.
• On May 6, 2024, 726 RSUs vested and settled, converting to common stock.
• 262 shares were withheld for taxes at a price of $88.66 per share, resulting in a remaining balance of 916 shares.
• Following these transactions, Teles de Mendonca directly owns 916 shares of common stock and 6,177 RSUs.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation. It doesn't indicate any significant positive or negative sentiment.

Positives

• The vesting of RSUs indicates a form of compensation and alignment with the company's performance.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor executive compensation and potential alignment of interests.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units that vest over time, aligning executive incentives with long-term shareholder value.
• Tax withholding upon vesting of RSUs is a common practice across publicly traded companies.
• Similar filings are routinely made by executives at competitor companies such as Givaudan, Symrise, and Firmenich (privately held).

Stakeholder Impact

• Shareholders can monitor insider transactions to assess management's alignment with company performance.

Key Dates