Form 4: IFF Executive Angela Strzelecki Reports Stock Transactions
SEC Form 4 Filing
Angela Strzelecki, President of Pharma Solutions at International Flavors & Fragrances Inc. (IFF), reports acquisition of shares through a long-term incentive plan and subsequent disposal to cover tax obligations.
Summary
- On March 1, 2024, Angela Strzelecki, President of Pharma Solutions at International Flavors & Fragrances Inc. (IFF), acquired 130 shares of IFF common stock as part of the 2021-2023 Long Term Incentive Plan (LTIP).
- The shares were awarded based on the average closing market price of IFF common stock for the twenty trading days prior to January 1, 2021.
- On the same day, Ms. Strzelecki disposed of 48 shares to satisfy tax withholding obligations related to the LTIP share receipt at a price of $75.88 per share.
- Following these transactions, Ms. Strzelecki directly owns 7,022 shares of IFF common stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| January 1, 2021 | First stock trading day of the 2021-2023 LTIP cycle, used to determine share allocation. |
| March 1, 2024 | Date of stock acquisition and disposal by Angela Strzelecki. |
| March 5, 2024 | Date of signature on the Form 4 filing. |
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