Form 4: IFF Executive Receives Restricted Stock Units
SEC Form 4 Filing
Andres Roberto Muller, President of Food Ingredients at International Flavors & Fragrances Inc., was granted 5,476 restricted stock units.
Summary
- Andres Roberto Muller, President of Food Ingredients at International Flavors & Fragrances Inc. (IFF), received 5,476 restricted stock units (RSUs).
- These RSUs convert to common stock on a one-for-one basis.
- The RSUs vest in three equal tranches: 1,825 shares on January 2, 2026, 1,825 shares on January 2, 2027, and 1,826 shares on January 2, 2028.
- Vesting is contingent upon continued employment with IFF.
Sentiment
Score: 7
Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management and shareholder interests. There are no negative implications.
Positives
- The grant of restricted stock units aligns the executive's interests with those of the shareholders.
- The vesting schedule encourages long-term commitment from the executive.
Risks
- The executive's departure before full vesting would result in the forfeiture of unvested RSUs.
Future Outlook
The vesting of the RSUs is contingent upon continued employment with IFF, suggesting a focus on retaining key personnel.
Industry Context
The granting of restricted stock units is a common practice in executive compensation, particularly in publicly traded companies, to align management's interests with those of shareholders.
Comparison to Industry Standards
- Many companies in the flavor and fragrance industry, such as Givaudan and Firmenich, use similar equity-based compensation plans to incentivize their executives.
- The vesting schedule of three years is also a common practice to ensure long-term commitment.
Stakeholder Impact
- Shareholders may view the RSU grant positively as it incentivizes the executive to focus on long-term value creation.
- Employees may see this as a positive sign of the company's commitment to its leadership.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of the RSU grant. |
| 01/02/2026 | First tranche of 1,825 RSUs vest. |
| 01/02/2027 | Second tranche of 1,825 RSUs vest. |
| 01/02/2028 | Third tranche of 1,826 RSUs vest. |
| 01/13/2025 | Date of signature by attorney in fact. |
Keywords
Restricted Stock Units, RSU, Stock Grant, Executive Compensation, IFF, International Flavors & Fragrances, Andres Roberto Muller, Food Ingredients
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