Form 4: IFF Executive Stephen Landsman Acquires Restricted Stock Units

Stephen N. Landsman, EVP and General Counsel of International Flavors & Fragrances Inc., reports acquisition of 9,686 Restricted Stock Units (RSUs) convertible to common stock.

Summary

• On April 1, 2025, Stephen N. Landsman, EVP and General Counsel of International Flavors & Fragrances Inc. (IFF), acquired 9,686 Restricted Stock Units (RSUs).
• These RSUs convert to common stock on a one-for-one basis.
• The RSUs vest in three equal tranches on April 1, 2026, April 1, 2027, and April 1, 2028, contingent upon continued employment with IFF.
• Following the transaction, Landsman directly owns 9,686 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. The sentiment is neutral to slightly positive.

Positives

• The acquisition of RSUs by a high-ranking executive signals confidence in the company's future performance.

Risks

• The vesting of RSUs is contingent upon continued employment, which introduces a risk factor related to executive retention.

Future Outlook

The vesting schedule indicates a long-term incentive plan for the executive, aligning their interests with the company's performance over the next three years.

Industry Context

Executive compensation packages often include RSUs to incentivize long-term performance and align executive interests with shareholder value. This is a common practice in publicly traded companies.

Comparison to Industry Standards

• RSUs are a standard component of executive compensation packages in the flavors and fragrances industry, as well as in other sectors.
• Companies like Givaudan and Firmenich also utilize equity-based compensation to incentivize their executives.
• The vesting schedule of three years is also a common practice, aligning with typical long-term incentive plans.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive sign, aligning executive interests with long-term company performance.
• Employees may see this as a standard compensation practice for executives.

Key Dates

Keywords

Restricted Stock Units, RSUs, Stephen Landsman, IFF, International Flavors & Fragrances, Beneficial Ownership, Form 4, Executive Compensation