IFF (NYSE: IFF) non-employee director receives 2,903 Restricted Stock Units equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
INTERNATIONAL FLAVORS & FRAGRANCES INC (IFF) director Dawn C. Willoughby received a grant of 2,903 Restricted Stock Units. These RSUs were awarded under the company’s Non-Employee Director Compensation Program as a form of equity compensation, rather than a market purchase.
The RSUs convert into an equal number of shares of Common Stock on a one-for-one basis. They will vest on the one-year anniversary of the grant date, so the director must remain in service through that date to receive the underlying shares. After this grant, the filing shows the director holding 2,903 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Willoughby Dawn C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,903 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 2,903 shares (Direct, null)
Footnotes (1)
- The Restricted Stock Units ("RSUs") convert to Common Stock on a one-for-one basis. Represent RSUs granted under the Non-Employee Director Compensation Program. The RSUs will vest on the one-year anniversary of the grant date.
Key Figures
RSUs granted: 2,903 RSUs
RSUs post-transaction: 2,903 RSUs
Conversion ratio: 1 RSU = 1 share
+2 more
5 metrics
RSUs granted
2,903 RSUs
Grant under Non-Employee Director Compensation Program
RSUs post-transaction
2,903 RSUs
Total RSUs held after reported grant
Conversion ratio
1 RSU = 1 share
RSUs convert one-for-one into Common Stock
Vesting period
One year
RSUs vest on one-year anniversary of grant date
Transaction price per RSU
$0.0000
Grant/award acquisition, not an open-market purchase
Key Terms
Restricted Stock Units, Non-Employee Director Compensation Program, vest, Common Stock
4 terms
Restricted Stock Units financial
"The Restricted Stock Units ("RSUs") convert to Common Stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Non-Employee Director Compensation Program financial
"Represent RSUs granted under the Non-Employee Director Compensation Program."
vest financial
"The RSUs will vest on the one-year anniversary of the grant date."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Common Stock financial
"The Restricted Stock Units ("RSUs") convert to Common Stock on a one-for-one basis."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did IFF director Dawn C. Willoughby report?
IFF director Dawn C. Willoughby reported receiving 2,903 Restricted Stock Units as an equity award. The grant reflects non-cash compensation under IFF’s Non-Employee Director Compensation Program, rather than an open-market stock purchase or sale by the director.
How many IFF Restricted Stock Units were granted to the director?
The filing shows a grant of 2,903 Restricted Stock Units to the IFF director. These units represent a right to receive 2,903 shares of Common Stock, subject to vesting conditions defined in the company’s Non-Employee Director Compensation Program.
When do the newly granted IFF RSUs vest for the director?
The 2,903 IFF Restricted Stock Units will vest on the one-year anniversary of the grant date. Vesting means the director must continue to qualify under the program until that date to receive the underlying shares of Common Stock.
How do the IFF RSUs convert into Common Stock for the director?
The IFF Restricted Stock Units convert into Common Stock on a one-for-one basis. Once vested, each RSU delivers one share of IFF Common Stock to the director, aligning director compensation with shareholder value over time through equity ownership.
What is the director’s IFF RSU balance after this reported transaction?
After the reported transaction, the Form 4 shows the director holding 2,903 Restricted Stock Units directly. This balance equals the full amount of the new grant and indicates the director’s equity-based compensation position from this specific award at the time of filing.