Teles de Mendonca Ana Paula 4

What Happened

• Ana Paula Teles de Mendonca, President, Scent at International Flavors & Fragrances (IFF), had restricted stock units (RSUs) convert to common shares on May 1, 2026. The filing shows 1,587 shares were acquired upon conversion and, related to that vesting, 625 shares were withheld to cover taxes (disposed at $70.81 each for $44,256). Separately, 1,587 shares are reported as disposed at $70.81 each, generating about $112,375. Combined proceeds from the disposals are roughly $156,631.
• These actions are recorded as an RSU conversion (derivative exercise/conversion) and share withholding for taxes — common, routine events tied to equity compensation rather than open-market purchases.

Key Details

• Transaction date(s): May 1, 2026; Filing date: May 4, 2026 (filed timely).
• Prices reported: $70.81 per share for the disposed/withheld shares.
• Amounts: 1,587 shares converted (acquired); 625 shares withheld for taxes (disposed) for $44,256; 1,587 shares disposed (reported) for $112,375.
• Footnotes: F1 — RSUs convert 1-for-1 to common stock; F2 — 625 shares withheld to satisfy tax withholding; F3 — original grant (May 1, 2024) was 4,762 RSUs vesting in three equal installments beginning one year after grant.
• Shares owned after the transactions are not specified in the provided excerpt of the filing.

Context

• Code M indicates exercise/conversion of a derivative (here, RSU vesting converting into shares). Code F indicates shares were withheld to cover taxes — a routine administrative disposition, not an independent market sale intended as a trading signal.
• The separate disposal of 1,587 shares at the same price suggests the converted shares were sold (a cashless/near-term sale) following vesting. Such sales are common when executives satisfy tax obligations or diversify, and do not by themselves indicate a change in company outlook.