Borg Deborah 4

What Happened

• Deborah Borg, EVP & Chief People & Culture Officer at International Flavors & Fragrances (IFF), had 11,024 Restricted Stock Units (RSUs vest) on April 1, 2026. The RSUs converted to common stock (1:1). Of the shares issued, 2,030 were disposed (sold) at $72.57 for proceeds of $147,317 and 819 shares were withheld to cover taxes valued at $72.57 each for $59,435. One entry shows 2,030 shares issued at $0.00 on conversion (no cash exercise price). Net from the vesting event: 11,024 awarded − 2,030 sold − 819 withheld = ~8,175 shares retained.

Key Details

• Transaction date: April 1, 2026; Form 4 filed April 3, 2026.
• Prices and values: sold 2,030 shares @ $72.57 = $147,317; 819 shares withheld @ $72.57 = $59,435.
• Shares after the transaction (from this vesting event): ~8,175 shares retained from the 11,024 RSU award.
• Relevant footnotes: RSUs convert to common stock 1:1 (F1); shares were withheld to satisfy tax withholding on vesting (F2); RSUs vested on April 1, 2026 (F4). RSU award originally described with multi-year vesting schedule (F3).
• Transaction codes: A = award/grant, M = exercise/conversion of derivative, F = tax withholding. The disposals here appear to be routine sales/withholdings to satisfy tax obligations, not an open-market investment sale.

Context

• This was a vesting/conversion of RSUs with some shares sold/withheld to cover taxes — a common, administrative use of shares rather than a directional bet on the stock. The filing shows conversion and immediate disposition for tax purposes (cashless-like treatment), not a large voluntary open-market sale beyond withholding.