DeVeau Michael 4

What Happened

• Michael DeVeau, EVP and CFO of International Flavors & Fragrances (IFF), had RSUs vest on April 1, 2026, converted 4,735 RSUs into common shares and sold those 4,735 shares at $72.57 for $343,619. Separately, 2,418 shares were withheld to cover taxes at $72.57 (value $175,474). On the same date he was also granted 16,536 RSUs that are subject to future vesting.

Key Details

• Date: April 1, 2026.
• Sales / disposals: 4,735 shares sold at $72.57 = $343,619; 2,418 shares withheld for taxes at $72.57 = $175,474. Total disposed value = $519,093.
• Acquisitions / awards: 16,536 RSUs granted (derivative award); 4,735 RSUs converted to common stock (acquired).
• Shares owned after transaction: Not reported in the provided excerpt of the filing.
• Footnotes: RSUs convert one-for-one to common stock (F1). Shares were withheld to satisfy tax withholding on vesting (F2). The new RSUs vest in three equal tranches on April 1, 2027–2029 (F3). The RSUs that converted vested on April 1, 2026 (F4).
• Transaction codes: M = exercise/conversion of derivative; F = tax withholding; A = grant/award.
• Filing timeliness: No late filing indicated in the provided data.

Context

• This was a routine vesting and sell-to-cover transaction: vested RSUs converted to shares and some/all of the shares were sold or withheld to satisfy tax obligations. Such transactions typically reflect compensation mechanics rather than a directional bet by the insider.