DeVeau Michael 4

What Happened

• Michael DeVeau, Executive Vice President and CFO of International Flavors & Fragrances (IFF), had 884 restricted stock units (RSUs vest) convert into 884 common shares on 2026-05-04. The vested RSUs are reported at $70.09/share for a gross value of about $61,960.
• To cover taxes due on the vesting, 452 shares were withheld (sell-to-cover) at $70.09/share, totaling about $31,681, leaving 432 net shares issued to DeVeau. This is a routine RSU vesting/tax-withholding transaction rather than an open-market purchase or discretionary sale.

Key Details

• Transaction date: May 4, 2026; Form filed May 6, 2026 (appears timely).
• Price used for reporting: $70.09 per share; gross vested value ≈ $61,960.
• Shares withheld for taxes: 452 shares → ≈ $31,681; net shares received: 432.
• Shares owned after transaction: not specified in the provided filing summary.
• Footnotes from the filing:
  • F1: RSUs convert to common stock on a one-for-one basis.
  • F2: The 452 shares reflect withholding for taxes payable upon vesting.
  • F3: The RSUs originated from a May 3, 2023 grant of 2,652 RSUs vesting in three equal installments.

Context

• This was an RSU vesting with sell-to-cover tax withholding (common, routine compensation event), not a market buy or discretionary sale that would indicate a trading view.
• For retail investors, vesting and withholding transactions typically reflect compensation mechanics rather than a direct insider sentiment signal.