FRIBOURG PAUL J 4

What Happened
Paul J. Fribourg, a director of International Flavors & Fragrances (IFF), had 2,281 restricted stock units (RSUs) vest on May 1, 2026. The Form 4 reports a disposition to the issuer for 2,281 shares at $0 and a simultaneous acquisition/grant of 2,281 shares at $0 — reflecting that the vested RSUs were not sold but instead deferred into 2,281 Stock Equivalent Units under the Company’s deferred compensation plan. The filing shows $0 cash value for the reported derivative entries (these are non-cash, compensatory transactions).

Key Details

• Transaction date: May 1, 2026 (vesting date). Form 4 filed May 5, 2026.
• Reported amounts/prices: Disposition of 2,281 shares @ $0.00 and acquisition of 2,281 shares @ $0.00 (derivative/compensation entries).
• Shares owned after transaction: Not specified on this filing (the RSUs were converted into Stock Equivalent Units).
• Relevant footnotes: RSUs convert 1-for-1 to common stock (F1); RSUs were granted under the Non‑Employee Director Compensation Program on Sept 2, 2025 and vested May 1, 2026 (F2–F3); upon vesting the 2,281 RSUs were deferred into 2,281 Stock Equivalent Units (F4–F5); those Units are payable in common stock upon leaving the Board or the Jan 1 following retirement (F6).
• Timeliness: Filed May 5, 2026 for a May 1 transaction. Form 4s are typically due within two business days of the transaction, so this filing was submitted several days after the vesting event.

Context
This was a routine compensation event (vesting and deferral of director RSUs), not an open‑market purchase or sale. The reporting reflects a conversion/deferral of vested RSUs into stock-equivalent units that will convert 1-for-1 to common stock at the payout triggers specified in the plan — it does not indicate an immediate change in market exposure from a buy/sell decision.