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INTERNATIONAL FLAVORS & FRAGRANCES INC·4

Mar 16, 4:33 PM ET

FRIBOURG PAUL J 4

Research Summary

AI-generated summary

Updated

IFF Director Paul Fribourg Buys 156,200 Shares

What Happened

  • Paul J. Fribourg, a director of International Flavors & Fragrances Inc. (IFF), made substantial open-market purchases on March 12, 2026: 142,000 shares at a weighted average ~$70.13 and 14,200 shares at a weighted average ~$70.07 (combined ≈156,200 shares, ≈$10.95M). The filing also lists smaller purchases (71, 39, 146 and 3 shares on earlier dates) and four small sales (total 222 shares) in late 2025. Overall, the transactions in this filing show a net purchase of about 156,237 shares for roughly $10.96M net cash outflow — purchases are generally viewed as a bullish signal (sales here were minimal and routine).

Key Details

  • Transaction types: Open-market purchases (P) and sales (S).
  • Major purchase dates/prices: Mar 12, 2026 — 142,000 @ ~$70.13 (F2 range $69.68–$70.50) and 14,200 @ ~$70.07 (F1 range $70.04–$70.11); other buys on Feb 9, 2026; Mar 6, 2026; Oct 30 and Aug 27, 2025. Small sales occurred on Sep 29, Nov 18, Dec 10 and Dec 15, 2025.
  • Aggregate reported activity: 156,459 shares purchased (≈$10.97M) and 222 shares sold (≈$14.5K); net ≈156,237 shares bought ($10.96M).
  • Footnotes: F1/F2 note weighted-average pricing with price ranges and offer to provide per-trade prices on request. F3–F6 are beneficial-ownership disclaimers regarding shares held by Continental Grain Company and several trusts (Fribourg disclaims beneficial ownership except to extent of pecuniary interest or control limitations).
  • Shares owned after transaction: Not specified in the materials provided.
  • Filing timeliness: Form filed Mar 16, 2026 while some transactions date back to Aug–Dec 2025 (the filing appears late for those earlier trades; Form 4s are normally due within two business days of a reportable transaction).

Context

  • These are straightforward open-market purchases and sales (no option exercises, awards, or gifts). Purchases of this size by an insider are notable because they increase the insider’s economic exposure; small prior sales appear routine. The beneficial-ownership disclaimers indicate some holdings are held by entities/trusts over which Fribourg disclaims control except for pecuniary interest.