Form 4: IFF Executive Reports Stock Transactions

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 transaction on May 1, 2026.
• This transaction involved the acquisition of 397 shares of Common Stock, acquired at no cost (indicated by a price of $0).
• Additionally, 144 shares of Common Stock were disposed of at a price of $70.81, likely for tax withholding upon vesting of Restricted Stock Units (RSUs).
• Following these transactions, Birenkrant beneficially owns 4,342.15 shares of Common Stock directly.
• Indirect beneficial ownership includes 3,493.916 shares held in a 401k plan and 2,703.155 shares through a Deferred Compensation Plan.
• The filing also notes the grant of 1,191 RSUs on May 1, 2024, which vest in three equal installments starting on the first anniversary of the grant date.
• On May 1, 2026, 397 RSUs converted to Common Stock, with a value of $70.81 per share, resulting in 1,610 RSUs still held directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, reflecting routine executive stock transactions and compensation vesting rather than significant strategic shifts or performance indicators.

Positives

• Acquisition of 397 shares of Common Stock at no cost.
• Vesting of Restricted Stock Units (RSUs) indicates continued equity compensation for management.
• Significant indirect beneficial ownership through 401k and Deferred Compensation Plan suggests long-term commitment.

Negatives

• Disposal of 144 shares of Common Stock at $70.81, likely for tax purposes, reducing direct holdings.
• The price of $70.81 for disposed shares might indicate a decrease from a previous higher value, though not explicitly stated as a loss.

Future Outlook

The filing indicates that Restricted Stock Units granted on May 1, 2024, vest in three equal installments beginning on the first anniversary of the grant date. This suggests a phased release of equity compensation over time.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for executive stock transactions. The reported activity for Marc Birenkrant at International Flavors & Fragrances Inc. (IFF) is typical for an executive managing their equity compensation and tax obligations, providing transparency to the market regarding insider holdings.

Stakeholder Impact

• Shareholders: Increased transparency into executive equity holdings and potential insider selling/buying activity.
• Employees: The vesting of RSUs reinforces the company's use of equity as a compensation tool for management.
• Management: The transactions reflect the management of personal equity portfolios and tax liabilities.

Next Steps

• Continued vesting of Restricted Stock Units in two further installments.
• Potential future transactions by Marc Birenkrant related to his equity holdings.

Key Dates

Keywords

Form 4, SEC Filing, Insider Trading, Stock Transaction, International Flavors & Fragrances, IFF, Marc Birenkrant, Common Stock, Restricted Stock Units, Beneficial Ownership, Executive Compensation