Form 4: IFF Executive Vice President Michael DeVeau Reports Stock Transactions
SEC Form 4
EVP and CFO of International Flavors & Fragrances Inc., Michael DeVeau, reports transactions involving restricted stock units and common stock.
Summary
- Michael DeVeau, EVP and CFO of International Flavors & Fragrances Inc. (IFF), filed a Form 4 detailing changes in beneficial ownership.
- On May 1, 2025, DeVeau converted 1,389 Restricted Stock Units (RSUs) to common stock and disposed of 710 shares to cover tax obligations at a price of $77.85 per share.
- Following these transactions, DeVeau directly owns 10,163.572 shares of common stock.
- On May 5, 2025, DeVeau converted 884 Restricted Stock Units (RSUs) to common stock and disposed of 452 shares to cover tax obligations at a price of $79.15 per share.
- Following these transactions, DeVeau directly owns 10,595.572 shares of common stock.
- The reported transactions involve RSUs granted on May 3, 2023, and May 1, 2024, vesting in three equal annual installments.
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 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 routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| May 3, 2023 | Reporting person was granted 2,652 RSUs, vesting in three equal installments beginning on the first anniversary of the grant date. |
| May 1, 2024 | Reporting person was granted 4,167 RSUs, vesting in three equal installments beginning on the first anniversary of the grant date. |
| May 1, 2025 | Conversion of 1,389 RSUs to common stock; disposition of 710 shares for tax obligations at $77.85. |
| May 5, 2025 | Conversion of 884 RSUs to common stock; disposition of 452 shares for tax obligations at $79.15. |
| May 16, 2025 | Date of Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Michael DeVeau, IFF, International Flavors & Fragrances, Restricted Stock Units, Common Stock, Insider Trading
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