Form 4: IFF Executive Simon Herriott Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
Simon Herriott, President of Health & Bioscience at International Flavors & Fragrances Inc. (IFF), reports the vesting and settlement of Restricted Stock Units (RSUs) and subsequent tax withholding.
Summary
- On May 3, 2024, Simon Herriott, President of Health & Bioscience at International Flavors & Fragrances Inc. (IFF), had 1,591 Restricted Stock Units (RSUs) vest and settle into common stock.
- These RSUs, granted on May 3, 2023, converted to common stock on a one-for-one basis.
- Following the vesting, 493 shares were withheld to cover taxes at a price of $86.64 per share.
- After these transactions, Herriott directly owns 10,132.257 shares of IFF common stock and 12,750 Restricted Stock Units.
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 about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 05/03/2023 | Date the Restricted Stock Units were granted. |
| 05/03/2024 | Date of RSU vesting and settlement, and tax withholding. |
| 05/07/2024 | Date of Form 4 filing. |
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