Form 4: IFF Executive Jennifer Amy Johnson Reports Stock Transactions
SEC Form 4 Filing
Jennifer Amy Johnson, EVP, General Counsel of International Flavors & Fragrances Inc. (IFF), reports the vesting and settlement of restricted stock units and associated tax withholding.
Summary
- On May 3, 2024, Jennifer Amy Johnson, EVP, General Counsel of International Flavors & Fragrances Inc. (IFF), had restricted stock units (RSUs) vest and settle.
- 2,121 RSUs converted to common stock on a one-for-one basis.
- 765 shares were withheld for taxes payable upon the vesting of the RSUs at a price of $86.64.
- Following these transactions, Johnson directly owns 7,171 shares of common stock and 11,956 restricted stock units.
- The vesting of the RSUs occurred on May 3, 2024.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions, neither particularly positive nor negative.
Positives
- The vesting of RSUs represents a form of compensation for the executive.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and provide transparency to the market regarding the buying and selling activities of company executives and directors.
Stakeholder Impact
- Shareholders are informed about executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 05/03/2023 | Date of grant of the Restricted Stock Units that vested on May 3, 2024 |
| 05/03/2024 | Date of RSU vesting and settlement, and associated tax withholding. |
| 05/07/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.