IFF (NYSE: IFF) director gains 1,712 shares through RSU conversion
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
INTERNATIONAL FLAVORS & FRAGRANCES INC director Richard Mulligan acquired common stock through vesting of previously granted restricted stock units. On May 1, 2026, 1,712 RSUs converted into 1,712 shares of common stock under the Non-Employee Director Compensation Program.
The RSUs were originally granted on November 3, 2025, and all vested on May 1, 2026. After this derivative exercise, Mulligan directly holds 1,712 shares of IFF common stock, and there are no remaining RSUs from this grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,712 shares exercised/converted
Mixed
2 txns
Insider
Mulligan Richard
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,712 | $70.81 | $121K |
| Exercise | Common Stock | 1,712 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 1,712 shares (Direct, null)
Footnotes (1)
- Represent RSUs granted under the Non-Employee Director Compensation Program. The Restricted Stock Units ("RSUs") convert to Common Stock on a one-for-one basis. On November 3, 2025, the reporting person was granted 1,712 restricted stock units, all of which vested on May 1, 2026.
Key Figures
RSUs vested and converted: 1,712 units/shares
RSU grant date: November 3, 2025
Post-transaction holdings: 1,712 shares
+1 more
4 metrics
RSUs vested and converted
1,712 units/shares
Restricted Stock Units converting to common stock on May 1, 2026
RSU grant date
November 3, 2025
Grant of 1,712 restricted stock units under director program
Post-transaction holdings
1,712 shares
Common stock directly owned after RSU conversion
RSU reference price
$70.81 per unit
Price per unit shown for RSUs in derivative transaction record
Key Terms
Restricted Stock Units, Non-Employee Director Compensation Program, derivative security
3 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."
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transaction did IFF director Richard Mulligan report on this Form 4?
Richard Mulligan reported acquiring IFF shares via RSU vesting. On May 1, 2026, 1,712 restricted stock units converted into 1,712 shares of INTERNATIONAL FLAVORS & FRAGRANCES INC common stock as part of the Non-Employee Director Compensation Program.
When were the restricted stock units granted to IFF director Richard Mulligan?
The 1,712 RSUs were granted on November 3, 2025. According to the footnotes, all of these restricted stock units vested on May 1, 2026, and then converted into an equal number of INTERNATIONAL FLAVORS & FRAGRANCES INC common shares.
What is Mulligan’s direct common stock holding in INTERNATIONAL FLAVORS & FRAGRANCES after this transaction?
After the transaction, Mulligan holds 1,712 IFF common shares directly. The Form 4 shows this figure as the total shares of common stock owned following the RSU conversion, with no remaining derivative holdings from this specific RSU grant.
How do the IFF RSUs convert into common stock for Richard Mulligan?
The RSUs convert into IFF common stock on a one-for-one basis. Footnotes state each restricted stock unit represents one share of common stock, so 1,712 vested RSUs produced 1,712 shares when they converted on May 1, 2026.