Form 4: IFF Executive Reports Stock Transactions
Statement of Changes in Beneficial Ownership
Marc Birenkrant, Controller & CAO of International Flavors & Fragrances Inc. (IFF), reported transactions involving common stock and restricted stock units.
Summary
- Marc Birenkrant, Controller & CAO of International Flavors & Fragrances Inc. (IFF), reported a Form 4 filing detailing changes in beneficial ownership.
- On May 4, 2026, 389 Restricted Stock Units (RSUs) converted to Common Stock.
- Additionally, 141 shares of Common Stock were disposed of, with shares withheld for taxes upon RSU vesting.
- Following these transactions, Birenkrant beneficially owns 4,587.15 shares of Common Stock directly, with additional holdings through a 401k and a Deferred Compensation Plan.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents routine executive compensation realization and tax management rather than a significant strategic shift or performance indicator.
Positives
- The filing indicates the conversion of Restricted Stock Units into Common Stock, which can be a positive sign of executive compensation realization.
- The executive continues to hold a significant number of shares directly and indirectly, suggesting continued alignment with shareholder interests.
Negatives
- 141 shares of Common Stock were disposed of, with a portion withheld for taxes, indicating a reduction in direct holdings.
- The transaction involved shares withheld for taxes, which is a common occurrence but represents a reduction in the executive's net share count.
Future Outlook
The filing does not contain forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions and are closely watched by investors to gauge executive confidence and potential shifts in beneficial ownership within the flavors and fragrances industry.
Stakeholder Impact
- Shareholders: The transactions reflect standard executive compensation practices and do not inherently signal a change in the company's fundamental value, though insider selling can sometimes be perceived negatively.
Key Dates
| Date | Description |
|---|---|
| 05/04/2026 | Transaction Date for conversion of RSUs and disposal of Common Stock. |
| 05/03/2023 | Date of grant for 1,167 RSUs. |
| 05/06/2026 | Date of filing. |
Keywords
Form 4, SEC Filing, Insider Trading, Stock Transaction, Beneficial Ownership, International Flavors & Fragrances, IFF, Marc Birenkrant, Restricted Stock Units, Common Stock
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