Drosos Virginia 4

What Happened

• Virginia Drosos, a director of International Flavors & Fragrances (IFF), had 2,335 restricted stock units (RSUs) vest on May 1, 2026. The RSUs converted one-for-one into 2,335 shares of common stock (reported as an exercise/conversion).
• On the same date, 2,335 shares were disposed/withheld at a reported price of $70.81 per share, for a value of $165,341. This disposition appears to be the company withholding shares to satisfy tax withholding obligations tied to the vested RSUs (a routine, non-open-market disposal).

Key Details

• Transaction date: May 1, 2026; Filing date (Form 4): May 4, 2026 (timely within the two-business-day window).
• Acquired: 2,335 shares upon RSU conversion (reported at $0.00 acquisition price); Disposed/withheld: 2,335 shares at $70.81 each = $165,341.
• Shares owned after transaction: not disclosed in the provided filing.
• Footnotes: F1 = RSUs granted under the Non-Employee Director Compensation Program; F2 = RSUs convert 1:1 to common stock; F3 = 2,335 RSUs were granted July 1, 2025 and vested May 1, 2026.
• Transaction code: M (exercise/conversion of derivative). Disposal likely reflects tax withholding, not an open-market sale.

Context

• This is a routine RSU vesting and share-withholding event common for director compensation. The conversion and immediate withholding to cover taxes generally do not indicate a change in insider sentiment about the company.
• Because the filing shows conversion plus equal withholding, there was no net increase in shares held by the insider from this vesting event (per the transaction lines), though total post-transaction holdings were not reported in the provided extract.