Birenkrant Marc 4

What Happened
Marc Birenkrant, Controller and CAO of International Flavors & Fragrances (IFF), had 397 restricted stock units convert to common shares on May 1, 2026. The filing shows 397 shares acquired on conversion (reported at $0.00 per share under the RSU conversion). On the same date he disposed of 397 shares at $70.81 per share for proceeds of $28,112. Separately, 144 shares were withheld to satisfy tax withholding obligations, valued at $70.81 each (total ~$10,197).

Key Details

• Transaction date: 2026-05-01; Filing date: 2026-05-04 (timely).
• Prices reported: $0.00 per share for the RSU conversion; $70.81 per share for the disposals.
• Reported amounts: 397 shares acquired (conversion), 397 shares disposed (sale) for $28,112, and 144 shares withheld for taxes for $10,197.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — RSUs convert one-for-one to common stock. F2 — 144 shares withheld to pay taxes on vesting. F3 — Original grant on May 1, 2024 of 1,191 RSUs vesting in three equal annual installments (this was one installment).

Context
This was a routine RSU vesting and sell/withhold activity, not an open-market buy. The conversion of RSUs into shares followed by a sale and share-withholding for taxes is a common cashless/sell-to-cover practice to satisfy tax liabilities and/or realize cash; it does not, by itself, indicate bullish or bearish sentiment. Transaction codes: M indicates exercise/conversion of a derivative (here RSU conversion), and F indicates shares withheld to cover tax withholding. The filing appears timely.