Birenkrant Marc 4

What Happened

• Marc Birenkrant, Controller & CAO of International Flavors & Fragrances (IFF), had 389 Restricted Stock Units (RSUs convert 1:1 to common stock) vest/convert into 389 shares on May 4, 2026.
• The filing reports 141 of those shares were withheld to cover taxes (value reported $9,883) and a disposition of 389 shares at $70.09 each for $27,265 (reported as a derivative transaction). The filing does not detail whether the sold shares were exclusively the newly converted RSUs or included previously held shares.

Key Details

• Transaction date: 2026-05-04; filing date: 2026-05-06 (filed within the typical 2-business-day window).
• Prices and amounts reported:
  • 389 shares acquired on conversion at $0.00 (RSU conversion).
  • 141 shares withheld for taxes at $70.09 → $9,883 (code F).
  • 389 shares disposed at $70.09 → $27,265 (code M, reported as derivative disposal).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Footnotes:
  • F1: RSUs convert to common stock on a one-for-one basis.
  • F2: Reflects shares withheld for taxes upon RSU vesting.
  • F3: The RSUs originate from a 5/3/2023 grant of 1,167 RSUs vesting in three equal installments.

Context

• These were RSU vest/conversion and same-day dispositions. The F code indicates tax withholding to satisfy withholding obligations; the M code reflects conversion/exercise of a derivative (RSU conversion reported as a derivative event). Same-day sale or withholding is common to cover tax obligations or to monetize vested awards and does not by itself indicate a change in the insider’s long-term view.