Form 4: IFF Executive Jennifer Johnson Reports Stock Transactions

Jennifer Johnson, EVP and General Counsel of International Flavors & Fragrances Inc. (IFF), reports acquisition of shares through a long-term incentive plan and subsequent disposal to cover tax obligations.

Summary

• On March 1, 2024, Jennifer Johnson, EVP and General Counsel of International Flavors & Fragrances Inc. (IFF), acquired 195 shares of common stock as part of the 2021-2023 Long Term Incentive Plan (LTIP).
• These shares were awarded based on the average closing market price of IFF's common stock for the twenty trading days prior to January 1, 2021.
• On the same day, Johnson disposed of 81 shares to satisfy tax withholding obligations related to the LTIP share receipt at a price of $75.88 per share.
• Following these transactions, Johnson directly owns 5,197 shares of IFF common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations.

Positives

• The acquisition of shares through the LTIP indicates a reward for Johnson's performance and alignment with the company's long-term goals.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates