Form 4: IFF Executive Jennifer Amy Johnson Reports Acquisition of Restricted Stock Units

Jennifer Amy Johnson, EVP, General Counsel of International Flavors & Fragrances Inc. (IFF), reported the acquisition of 8,334 Restricted Stock Units (RSUs) convertible to common stock on May 1, 2024.

Summary

• On May 1, 2024, Jennifer Amy Johnson, EVP, General Counsel of International Flavors & Fragrances Inc. (IFF), acquired 8,334 Restricted Stock Units (RSUs).
• These RSUs convert to common stock on a one-for-one basis.
• The RSUs vest in three equal tranches of 2,778 shares each on May 1, 2025, May 1, 2026, and May 1, 2027, contingent upon continued employment with IFF.
• Following the reported transaction, Johnson directly owns 5,815 shares of common stock and 14,077 derivative securities.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it's a standard regulatory filing. The acquisition of RSUs is generally a positive sign, but it's a routine event.

Positives

• The acquisition of RSUs indicates confidence in the company's future performance from a high-ranking executive.

Future Outlook

The vesting schedule of the RSUs over the next three years suggests a long-term commitment from the executive to the company's success.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in the company's stock. This filing indicates that the executive is receiving part of their compensation in the form of equity.

Stakeholder Impact

• The acquisition of RSUs aligns the executive's interests with those of the shareholders, as the value of the RSUs is tied to the company's stock performance.

Key Dates