Finzel Ralf 4
Research Summary
AI-generated summary
IFF EVP Ralf Finzel Receives RSUs; Shares Withheld for Taxes
What Happened
- Ralf Finzel, EVP & Global Operations Officer at International Flavors & Fragrances (IFF), had 1,984 Restricted Stock Units (RSUs convert one-for-one to common shares) vest on May 1, 2026 and received 1,984 shares. Of those, 1,098 shares were withheld to cover taxes (report shows withholding valued at $77,749). The filing also reports a derivative disposition of 1,984 shares at $70.81 each, totaling $140,487 (reported as a derivative transaction).
Key Details
- Transaction date: May 1, 2026; Form 4 filed May 4, 2026 (appears timely).
- Prices reported: $70.81 per share for withholding and derivative disposition.
- Shares acquired via vesting: 1,984 shares at $0.00 (RSU conversion).
- Shares withheld for taxes: 1,098 shares (F) — value reported $77,749.
- Derivative disposition: 1,984 shares (M) at $70.81 — value reported $140,487.
- Footnotes: RSUs convert 1:1; withholding reflects tax payment on vesting; original grant was 5,953 RSUs on May 1, 2024 vesting in three equal installments.
- Shares owned after the transaction are not included in the provided excerpt.
Context
- This filing reflects routine equity compensation vesting and tax-withholding rather than an open-market purchase or voluntary sale decision. The "M" code denotes exercise/conversion of a derivative (here, RSU conversion), and "F" denotes shares withheld to cover taxes. Such withholdings are common and typically used to satisfy tax obligations upon vesting.