MIRZAYANTZ NICOLAS 4
4 · INTERNATIONAL FLAVORS & FRAGRANCES INC · Filed Mar 17, 2021
Insider Transaction Report
Form 4
MIRZAYANTZ NICOLAS
Group President Fragrance
Transactions
- Award
Common Stock
2021-03-15+389→ 32,896.723 total - Tax Payment
Common Stock
2021-03-15$136.79/sh−133$18,193→ 32,763.723 total - Award
Stock Equivalent Unit
2021-03-15$136.79/sh+108.858$14,891→ 2,875.249 total→ Common Stock (108.858 underlying)
Footnotes (5)
- [F1]These shares represent the 50% portion of the reporting person's payout under the 2018-2020 Long Term Incentive Plan ("LTIP") cycle settled in shares of the issuer's common stock. The number of shares was determined based on the average closing market price of the issuer's common stock for the twenty trading days prior to January 2, 2018, the first stock trading day of the LTIP cycle.
- [F2]Shares withheld to satisfy tax withholding obligations in connection with the receipt of shares under the LTIP.
- [F3]The Stock Equivalent Units ("Units") convert to Common Stock on a one-for-one basis.
- [F4]These Units represent the deferral of a portion of the reporting person's payout under the LTIP that was settled in cash into the Company's stock fund and the premium contributed by the Company on such Units. The Company premium, or 21.772 of the acquired Units, are subject to vesting based on employment through December 31, 2022.
- [F5]The Units are payable in Common Stock upon earlier of termination of employment or January 1 following retirement.