Form 4: IFF Executive Beril Yildiz Reports Stock Transactions
SEC Form 4 Filing
Beril Yildiz, CAO, SVP & Controller of International Flavors & Fragrances Inc., reports the vesting and settlement of Restricted Stock Units (RSUs) and associated tax withholding.
Summary
- On May 3, 2024, Beril Yildiz, CAO, SVP & Controller of International Flavors & Fragrances Inc. (IFF), had Restricted Stock Units (RSUs) vest and settle.
- 848 RSUs were converted to Common Stock on a one-for-one basis.
- 342 shares were withheld for taxes payable upon the vesting of the RSUs at a price of $86.64.
- Following these transactions, Yildiz directly owns 1,246.201 shares of Common Stock and 9,205 Restricted Stock Units.
- The RSUs were granted on May 3, 2023, and vested on May 3, 2024.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation. It doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 05/03/2023 | Date the Restricted Stock Units were granted |
| 05/03/2024 | Date of RSU vesting and settlement, and tax withholding |
| 05/07/2024 | Date of Form 4 filing |
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