Form 4: IFF Executive Simon Herriott Reports Stock Transactions Following RSU Vesting

Simon Herriott, an executive at International Flavors & Fragrances Inc. (IFF), reported transactions involving common stock and restricted stock units (RSUs) following the vesting of RSUs on April 5, 2024.

Summary

• On April 5, 2024, Simon Herriott, President of Health & Biosci. & Scent at International Flavors & Fragrances Inc. (IFF), engaged in transactions involving the company's stock.
• These transactions included the vesting and settlement of 1,244 and 346 Restricted Stock Units (RSUs) granted on May 5, 2021, which converted to common stock on a one-for-one basis.
• Shares were also withheld for taxes payable upon the vesting of the RSUs, with 108 shares withheld at $83.34 and 386 shares withheld at $83.34.
• Following these transactions, Herriott directly owns 9,001.571 shares of IFF common stock and 5,411 Restricted Stock Units.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Positives

• The vesting of RSUs indicates a form of compensation and alignment of the executive's interests with the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions have a minor impact on shareholders, as they reflect the standard vesting of executive compensation.
• Employees may view the vesting of RSUs as a positive sign, indicating the company's commitment to rewarding its executives.

Key Dates