Form 4: IFF Executive Simon Herriott Reports Stock Transactions

Simon Herriott, President of Health & Bioscience at International Flavors & Fragrances Inc., reports acquisition and disposal of company stock related to a long-term incentive plan and tax obligations.

Summary

• On March 4, 2025, Simon Herriott, President of Health & Bioscience at International Flavors & Fragrances Inc. (IFF), reported transactions involving IFF common stock.
• Herriott acquired 237 shares as part of the 2022-2024 Long Term Incentive Plan (LTIP) cycle, with the share amount determined based on the average closing market price prior to January 1, 2022.
• 86 shares were disposed of to cover tax withholding obligations related to the LTIP share receipt at a price of $79.79.
• Following these transactions, Herriott beneficially owns 10,755.324 shares of IFF common stock, which includes shares acquired through a dividend reinvestment plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the transactions are routine and related to compensation and tax obligations. There's no indication of significant positive or negative implications for the company.

Positives

• The acquisition of shares through the LTIP indicates a vested interest in the company's long-term performance.

Negatives

• The disposal of shares to cover tax obligations, while routine, slightly reduces Herriott's holdings.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation plans and personal financial management. These transactions are closely monitored by investors for insights into management's confidence in the company's prospects.

Comparison to Industry Standards

• Executive compensation packages, including LTIPs, are standard practice among publicly traded companies like IFF.
• Companies such as Givaudan, Symrise, and Firmenich, which are IFF's main competitors, also utilize similar compensation structures to incentivize their executives.
• The reporting of these transactions via Form 4 filings is a regulatory requirement for all companies listed on US stock exchanges.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders as they are related to executive compensation and tax obligations.

Key Dates