Form 4: IFF Executive Beril Yildiz Reports Stock Transactions
SEC Form 4
Beril Yildiz, CAO, SVP & Controller of International Flavors & Fragrances Inc., reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- Beril Yildiz, a CAO, SVP & Controller at International Flavors & Fragrances Inc. (IFF), filed a Form 4 detailing changes in beneficial ownership.
- On May 1, 2025, 952 Restricted Stock Units (RSUs) converted to common stock, and 344 shares were withheld for taxes at a price of $77.85.
- On May 5, 2025, 849 RSUs converted to common stock, and 307 shares were withheld for taxes at a price of $79.15.
- Following these transactions, Yildiz directly owns 5,721.37 shares of IFF common stock and 9,426 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies like IFF and are required by the SEC.
- The vesting schedules and tax withholding practices are typical for RSU grants in similar companies.
- Comparing Yildiz's holdings and transactions to those of other executives at IFF and peer companies (e.g., Givaudan, Firmenich) would provide a more comprehensive view of insider activity.
Stakeholder Impact
- The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares upon RSU vesting.
- The tax withholding benefits the government through tax revenue.
Key Dates
| Date | Description |
|---|---|
| 05/03/2023 | Reporting person was granted 2,547 RSUs, vesting in three equal installments beginning on the first anniversary of the grant date. |
| 05/01/2024 | Reporting person was granted 2,857 RSUs, vesting in three equal installments beginning on the first anniversary of the grant date. |
| 05/01/2025 | 952 Restricted Stock Units converted to Common Stock; 344 shares withheld for taxes at $77.85. |
| 05/05/2025 | 849 Restricted Stock Units converted to Common Stock; 307 shares withheld for taxes at $79.15. |
| 05/16/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, IFF, International Flavors & Fragrances, Yildiz, Restricted Stock Units, RSUs, Tax Withholding, Common Stock, Insider Trading
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