Arora Yuvraj 4
Research Summary
AI-generated summary
IFF President Yuvraj Arora Receives RSUs, Sells Shares
What Happened
- Yuvraj Arora, President, Taste & CCO of International Flavors & Fragrances (IFF), had restricted stock units (RSUs) convert to common shares on April 1, 2026. The filing shows 13,780 RSUs awarded/converted.
- To cover tax liabilities, 2,203 shares were withheld at $72.57 per share (tax withholding value $159,872). The filing also shows a same-day conversion/exercise of 4,305 derivative shares (acquired at $0.00) with a simultaneous disposition of those 4,305 shares at $72.57, generating $312,414. Net retained from this vesting event (13,780 − 2,203 − 4,305) = 7,272 shares retained from the vested batch.
- This activity is primarily an award/vesting event with routine tax withholding and a same-day sale of a portion of the converted shares (not an open-market purchase).
Key Details
- Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (appears timely; Form 4 due within two business days).
- Prices/values shown: tax withholding 2,203 shares × $72.57 = $159,872; disposition of 4,305 shares × $72.57 = $312,414.
- Transaction codes: A = award/grant (13,780 RSUs); M = exercise/conversion of derivative (4,305 acquired at $0.00 and 4,305 disposed at $72.57); F = payment of exercise price or tax liability (2,203 shares withheld).
- Shares owned after transaction: total beneficial ownership not specified in provided data; net retained from this vesting event = 7,272 shares.
- Footnotes: RSUs convert one-for-one to common stock (F1); shares were withheld for taxes upon vesting (F2); some RSUs vest in future tranches (Apr 1, 2027–2029) per grant terms (F3); the reported RSUs vested on Apr 1, 2026 (F4).
Context
- RSU vesting is an award (not a market buy) and the withholding/sale pattern shown is a common way to cover taxes or monetize part of a grant. The filing shows a conversion of derivative awards and a same-day disposition of a portion of those shares rather than an open-market purchase.
- This is routine insider reporting of compensation-related transactions; it does not, by itself, indicate the insider’s view of the company’s stock.