Birenkrant Marc 4

What Happened

• Marc Birenkrant, Controller & CAO of International Flavors & Fragrances (IFF), had 2,480 restricted stock units (RSUs convert 1-for-1 to common) vest on April 1, 2026.
• From that vesting: 473 shares were converted/exercised and disposed at $72.57 each for $34,326; 171 shares were withheld to cover taxes at $72.57 each for $12,409. The RSU award shows acquisition of 2,480 derivative shares and the conversion/exercise transactions reflect the settlement and tax withholding.
• Net from this vesting event, 1,836 shares remain issued to him after the sale and withholding (2,480 vested − 473 sold − 171 withheld).

Key Details

• Transaction date: April 1, 2026; filing date: April 3, 2026 (period of report Apr 1, 2026).
• Prices/values: Disposed 473 shares at $72.57 = $34,326; 171 shares withheld at $72.57 = $12,409. RSUs converted on a one-for-one basis (no exercise price for RSU conversion).
• Shares owned after transaction: Net addition of 1,836 shares from this vesting event (filing does not state total company-wide holdings).
• Footnotes: F1 confirms 1:1 RSU-to-common conversion; F2 indicates shares withheld for taxes; F3/F4 describe the RSU vesting schedule and that RSUs vested on April 1, 2026.
• Timeliness: No late-filing flag noted in the provided filing data.

Context

• This is a compensation-related vesting and settlement (RSUs converting to stock) with a portion sold/withheld to meet tax obligations — a common, routine insider transaction that does not necessarily signal a change in investment conviction.
• The transactions include conversion/exercise of derivative awards and tax-withholding disposal; purchases are more informative for bullish signals, but routine tax-withholding sales are standard after vesting.