Form 4: IFF Executive Yuvraj Arora Reports Stock Transactions
SEC Form 4 Filing
Yuvraj Arora, President of Nourish at International Flavors & Fragrances Inc., reports the vesting and settlement of restricted stock units and associated tax withholding.
Summary
- On May 3, 2024, Yuvraj Arora, President, Nourish at International Flavors & Fragrances Inc. (IFF), had restricted stock units (RSUs) vest and settle.
- 11,538 shares were acquired upon the vesting of these RSUs.
- 3,300 shares were withheld to cover taxes at a price of $86.64 per share.
- Following these transactions, Arora directly owns 8,238 shares of IFF common stock and 28,025 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't contain information that would significantly shift investor sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 07/03/2023 | 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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