Form 4: IFF Executive Deborah Borg Reports Stock Transactions

Deborah Borg, EVP, Chief HR and D&I Officer at International Flavors & Fragrances Inc (IFF), reported the vesting and settlement of restricted stock units and associated tax withholding on May 3, 2024.

Summary

• On May 3, 2024, Deborah Borg, EVP, Chief HR and D&I Officer at International Flavors & Fragrances Inc (IFF), reported transactions involving the company's common stock.
• These transactions included the vesting and settlement of 1,768 Restricted Stock Units (RSUs) which converted to common stock on a one-for-one basis.
• Additionally, 713 shares were withheld for taxes payable upon the vesting of these RSUs at a price of $86.64 per share.
• Following these transactions, Borg directly owns 16,475 shares of common stock and 42,897 Restricted Stock Units.
• The RSUs granted on May 3, 2023, vested on May 3, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document simply reports standard executive stock transactions. There is no indication of positive or negative implications for the company's performance.

Positives

• The vesting of RSUs indicates a form of compensation and alignment with the company's performance.

Negatives

• The withholding of shares for taxes reduces the number of shares the executive ultimately receives.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are regularly monitored by investors to gauge management's sentiment and alignment with shareholder interests. Form 4 filings are a standard part of regulatory compliance.

Comparison to Industry Standards

• Executive compensation packages, including RSUs, are common across the industry.
• Companies like Givaudan, Symrise, and Firmenich also utilize similar equity-based compensation to incentivize their executives.
• The vesting schedules and tax withholding practices are generally in line with standard practices for publicly traded companies.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates