JAMISON CYNTHIA T 4
Research Summary
AI-generated summary
IFF Director Cynthia Jamison Defers 2,569 RSUs
What Happened
- Cynthia T. Jamison, a director of International Flavors & Fragrances Inc. (IFF), had 2,569 Restricted Stock Units (RSUs) vest on May 1, 2026. The Form 4 shows a disposition to the issuer of 2,569 derivative shares at $0 and a simultaneous acquisition of 2,569 derivative shares at $0 — representing conversion of vested RSUs into deferred stock-equivalent units rather than immediate delivery of shares. No cash changed hands.
Key Details
- Transaction date: May 1, 2026; Form 4 filed May 5, 2026.
- Reported transaction codes: D (Disposition to issuer) and A (Grant/award or acquisition) — both derivative transactions at $0.00 per share.
- Share count: 2,569 RSUs vested and were converted into 2,569 Stock Equivalent Units (Units).
- Shares owned after the transaction: not specified in the filing.
- Footnotes: RSUs convert 1-for-1 to common stock (F1); these RSUs were granted under the Non-Employee Director Compensation Program (F2); they were granted May 1, 2025 and vested May 1, 2026 (F3); upon vesting Jamison deferred receipt into 2,569 Units under the Company’s deferred compensation plan (F4); Units convert 1-for-1 to common stock and are payable in shares upon the earlier of leaving the Board or January 1 following retirement (F5–F6).
Context
- This is not a purchase or cash sale by the director — it’s a routine compensation event: vested RSUs were deferred into stock-equivalent units under the company’s director compensation/deferred compensation arrangements. Such deferrals are common for non-employee directors and do not by themselves indicate buying or selling sentiment.