Form 4: IFF Executive Deborah Borg Reports Stock Award and Tax Withholding

EVP Deborah Borg reports acquisition of 269 shares of IFF common stock through a long-term incentive plan and disposition of 123 shares for tax obligations.

Summary

• On March 4, 2025, Deborah Borg, EVP, Chief People & Culture Officer of International Flavors & Fragrances Inc. (IFF), acquired 269 shares of common stock as part of the 2022-2024 Long Term Incentive Plan (LTIP).
• The shares were awarded based on the average closing market price of IFF's common stock for the twenty trading days prior to August 29, 2022.
• Simultaneously, Borg disposed of 123 shares to satisfy tax withholding obligations related to the LTIP shares at a price of $79.79 per share.
• Following these transactions, Borg directly owns 23,379 shares of IFF common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document reports routine transactions related to executive compensation. The stock award is a positive sign, but the tax withholding is a neutral event.

Positives

• Receipt of shares under the Long Term Incentive Plan indicates alignment with company performance goals.

Negatives

• Disposition of shares to cover tax obligations reduces the executive's overall holdings, although this is a standard practice.

Industry Context

Executive compensation through stock awards is a common practice in publicly traded companies to align management's interests with those of shareholders. The LTIP is a standard tool for incentivizing long-term performance.

Comparison to Industry Standards

• Stock-based compensation is a common practice among IFF's peers in the flavors and fragrances industry, such as Givaudan, Symrise, and Firmenich (privately held).
• These companies often use long-term incentive plans tied to performance metrics to reward executives.
• The specific terms and conditions of LTIPs can vary widely, but the general structure of awarding shares based on performance is consistent.

Stakeholder Impact

• The stock award aligns executive interests with shareholder value.
• Tax withholding has no material impact on stakeholders.

Key Dates