Landsman Stephen N 4

What Happened

• Stephen N. Landsman, EVP & General Counsel of International Flavors & Fragrances (IFF), had restricted stock units (RSUs) vest on April 1, 2026 and converted to common stock. The filing shows a grant/award of 15,158 RSU-derived shares. Of the shares associated with the vesting/conversion, 3,228 shares were sold for $72.57 each (proceeds $234,256) and 1,164 shares were withheld to cover taxes at $72.57 each (value $84,471). Some conversion/exercise entries show a $0 exercise price, indicating conversion of derivative awards rather than a cash option purchase.

Key Details

• Transaction date: April 1, 2026; Filing date: April 3, 2026 (timely filing).
• Sales: 3,228 shares disposed at $72.57 — proceeds $234,256.
• Tax withholding: 1,164 shares withheld at $72.57 — value $84,471.
• Award: 15,158 RSUs reported as granted/converted to derivative/common stock on April 1, 2026.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: F1—RSUs convert one-for-one to common stock; F2—shares withheld to satisfy tax withholding; F3—typical RSU vesting schedule cited (three equal tranches in Apr 2027–2029 for certain grants); F4—RSUs vested on Apr 1, 2026.
• Transaction codes: A = award/grant; M = exercise/conversion of derivative; F = shares withheld for taxes.

Context

• This was not a cash purchase—Landsman received/converted RSUs (derivative awards). The $0 exercise/conversion entries reflect conversion of granted RSUs/options into shares rather than paying an exercise price. The immediate sale/disposition and share withholding are common for RSU vesting events (to cover tax obligations or generate cash) and are routine insider transactions rather than an outright buy signal.