Form 4: IFF Executive Ralf Finzel Reports Stock Transactions
SEC Form 4 Filing
EVP Ralf Finzel reports the vesting and settlement of Restricted Stock Units (RSUs) and associated tax withholding.
Summary
- On May 3, 2024, Ralf Finzel, EVP of Global Operations Officer at International Flavors & Fragrances Inc. (IFF), reported transactions involving the company's common stock.
- 1,326 Restricted Stock Units (RSUs) vested and were settled, converting into common stock on a one-for-one basis.
- 535 shares were withheld for taxes payable upon the vesting of the RSUs at a price of $86.64.
- Following these transactions, Finzel directly owns 4,235 shares of common stock and 24,766 derivative securities (RSUs).
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions related to executive compensation; it doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 05/03/2023 | Date the Restricted Stock Units were granted. |
| 05/03/2024 | Date of RSU vesting and stock transactions. |
| 05/07/2024 | Date of Form 4 filing. |
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