Borg Deborah 4

What Happened
Deborah Borg, EVP and Chief People & Culture Officer at International Flavors & Fragrances (IFF), had 2,381 restricted stock units (RSUs) convert to common stock on May 1, 2026. Of those shares, 960 were withheld to satisfy tax withholding (960 shares × $70.81 = $67,978) and 2,381 shares were disposed/sold at $70.81 for total proceeds of $168,599. The initial conversion shows 2,381 shares acquired at $0.00 because RSUs convert one-for-one to common stock.

Key Details

• Transaction date: May 1, 2026; Form 4 filed May 4, 2026 (timely filing).
• Prices and amounts: conversion/acquisition 2,381 shares at $0.00; 960 shares withheld for taxes at $70.81 (value $67,978); 2,381 shares disposed at $70.81 (proceeds $168,599).
• Shares owned after the transaction: not stated in the provided filing excerpt.
• Footnotes: F1 — RSUs convert 1:1 to common stock; F2 — withholding reflects shares retained to pay taxes on vesting; F3 — these shares are from a May 1, 2024 grant of 7,144 RSUs that vest in three equal annual tranches (this tranche = ~2,381 shares).
• Transaction codes: M = conversion/exercise of derivative (RSU conversion); F = shares withheld for tax payment.

Context
This was a routine RSU vesting event with partial share withholding for taxes and a concurrent disposal of shares. Tax-withholding transactions and immediate sales following RSU vesting are common and typically reflect tax obligations or routine liquidity needs rather than a clear signal of insider sentiment.