Form 4: IFF Executive Beril Yildiz Reports Stock Transactions Following RSU Vesting

Beril Yildiz, CAO, SVP & Controller of International Flavors & Fragrances Inc. (IFF), reports the vesting and settlement of Restricted Stock Units (RSUs) and subsequent tax withholding.

Summary

• On October 3, 2024, Beril Yildiz, CAO, SVP & Controller of International Flavors & Fragrances Inc. (IFF), had Restricted Stock Units (RSUs) vest and settle.
• A total of 1,078 shares of common stock were acquired upon the vesting of these RSUs.
• Simultaneously, 389 shares were withheld to cover taxes payable upon the vesting of the RSUs at a price of $100.63 per share.
• Following these transactions, Yildiz directly owns 1,935.201 shares of IFF common stock.
• The RSUs, which convert to common stock on a one-for-one basis, were granted on October 3, 2022, and vested on October 3, 2024.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation. It doesn't indicate positive or negative sentiment, but rather a standard process.

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 between management and shareholders.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect changes in insider ownership.

Key Dates