Lourenco Leticia Goncalves 4

What Happened
Lourenco Leticia Goncalves, President, Health & Bioscience at International Flavors & Fragrances (IFF), had 13,780 restricted stock units (RSUs) vest on April 1, 2026. The RSUs converted to common stock on a one-for-one basis. To satisfy tax obligations, 3,243 shares were withheld (payment of tax liability) valued at $235,345. In addition, 7,318 shares that resulted from the conversion were reported as disposed at $72.57 per share, generating $531,067 in proceeds. After withholding and dispositions, 3,219 of the newly vested shares appear to have been retained.

Key Details

• Transaction date: April 1, 2026; Form filed April 3, 2026 (appears timely).
• Vesting/award: 13,780 RSUs vested and converted to common stock (RSUs convert 1:1).
• Tax withholding: 1,335 shares ($96,881) and 1,908 shares ($138,464) — total 3,243 shares withheld for taxes ($235,345).
• Disposed on conversion: 3,013 shares ($218,653) and 4,305 shares ($312,414) — total 7,318 shares disposed at $72.57 ($531,067).
• Shares retained after transactions (calculated): 13,780 vested − 3,243 withheld − 7,318 disposed = 3,219 shares retained.
• Footnotes: RSUs vest in three equal tranches (Apr 1, 2027; Apr 1, 2028; Apr 1, 2029) generally, but the reported RSUs vested on Apr 1, 2026 per the filing. Withholding entries reflect tax withholding on vesting.
• Filing type codes: A = award/grant, M = exercise/conversion of derivative, F = payment of exercise price/tax liability.

Context
This is a routine, compensation-related transaction: RSUs vested and shares were converted; a portion was withheld for taxes and another portion was disposed (net-settled/sold) at the reported price. Such vesting-and-withholding events are common for executive compensation and do not, by themselves, indicate a directional stance on the stock.