Form 4: IFF Executive Simon Herriott Reports Stock Transactions
SEC Form 4
Simon Herriott, President of Health & Bioscience at International Flavors & Fragrances Inc., reports the vesting and settlement of restricted stock units and associated tax withholding.
Summary
- On July 3, 2024, Simon Herriott, President of Health & Bioscience at International Flavors & Fragrances Inc. (IFF), had restricted stock units (RSUs) vest and settle.
- 627 shares were acquired upon vesting of the RSUs, which were granted on July 3, 2023.
- 289 shares were withheld for taxes payable upon the vesting of these RSUs at a price of $95.02 per share.
- Following these transactions, Herriott directly owns 10,470.257 shares of IFF common stock and 12,123 restricted stock units.
- The RSUs convert to common stock on a one-for-one basis.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, and is a normal part of corporate governance.
Stakeholder Impact
- The vesting of RSUs impacts Simon Herriott's ownership stake in IFF.
- Tax withholding affects the company's tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 07/03/2023 | Date the Restricted Stock Units were granted. |
| 07/03/2024 | Date of RSU vesting and settlement, and tax withholding. |
| 07/05/2024 | Date of the form's signature. |
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