FRIBOURG PAUL J 4
4 · INTERNATIONAL FLAVORS & FRAGRANCES INC · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
IFF Director Paul Fribourg Buys 156,200 Shares
What Happened
- Paul J. Fribourg, a director of International Flavors & Fragrances Inc. (IFF), made substantial open-market purchases on March 12, 2026: 142,000 shares at a weighted average ~$70.13 and 14,200 shares at a weighted average ~$70.07 (combined ≈156,200 shares, ≈$10.95M). The filing also lists smaller purchases (71, 39, 146 and 3 shares on earlier dates) and four small sales (total 222 shares) in late 2025. Overall, the transactions in this filing show a net purchase of about 156,237 shares for roughly $10.96M net cash outflow — purchases are generally viewed as a bullish signal (sales here were minimal and routine).
Key Details
- Transaction types: Open-market purchases (P) and sales (S).
- Major purchase dates/prices: Mar 12, 2026 — 142,000 @ ~$70.13 (F2 range $69.68–$70.50) and 14,200 @ ~$70.07 (F1 range $70.04–$70.11); other buys on Feb 9, 2026; Mar 6, 2026; Oct 30 and Aug 27, 2025. Small sales occurred on Sep 29, Nov 18, Dec 10 and Dec 15, 2025.
- Aggregate reported activity: 156,459 shares purchased (≈$10.97M) and 222 shares sold (≈$14.5K); net ≈156,237 shares bought ($10.96M).
- Footnotes: F1/F2 note weighted-average pricing with price ranges and offer to provide per-trade prices on request. F3–F6 are beneficial-ownership disclaimers regarding shares held by Continental Grain Company and several trusts (Fribourg disclaims beneficial ownership except to extent of pecuniary interest or control limitations).
- Shares owned after transaction: Not specified in the materials provided.
- Filing timeliness: Form filed Mar 16, 2026 while some transactions date back to Aug–Dec 2025 (the filing appears late for those earlier trades; Form 4s are normally due within two business days of a reportable transaction).
Context
- These are straightforward open-market purchases and sales (no option exercises, awards, or gifts). Purchases of this size by an insider are notable because they increase the insider’s economic exposure; small prior sales appear routine. The beneficial-ownership disclaimers indicate some holdings are held by entities/trusts over which Fribourg disclaims control except for pecuniary interest.
Insider Transaction Report
Form 4
FRIBOURG PAUL J
Director
Transactions
- Purchase
Common Stock
[F1]2026-03-12$70.07/sh+14,200$995,015→ 29,650 total - Purchase
Common Stock
[F2][F3]2026-03-12$70.13/sh+142,000$9,957,963→ 2,422,730 total(indirect: By Continental Grain Company) - Sale
Common Stock
[F4]2025-09-29$60.87/sh−7$426→ 0 total(indirect: By Trust) - Purchase
Common Stock
[F4]2025-10-30$63.64/sh+39$2,482→ 39 total(indirect: By Trust) - Purchase
Common Stock
[F5]2025-08-27$66.91/sh+71$4,751→ 450 total(indirect: By Foundation) - Sale
Common Stock
[F5]2025-11-18$65.42/sh−187$12,234→ 263 total(indirect: By Foundation) - Purchase
Common Stock
[F5]2026-02-09$74.63/sh+146$10,896→ 409 total(indirect: By Foundation) - Sale
Common Stock
[F6]2025-12-10$65.27/sh−25$1,632→ 11 total(indirect: By Foundation) - Sale
Common Stock
[F6]2025-12-15$63.35/sh−3$190→ 8 total(indirect: By Foundation) - Purchase
Common Stock
[F6]2026-03-06$73.93/sh+3$222→ 11 total(indirect: By Foundation)
Footnotes (6)
- [F1]Weighted average price. These shares were purchased in multiple transactions at prices ranging from $70.04 to $70.11, inclusive. The reporting persons undertake to provide the issuer, any security holder of the issuer,or the staff of the Securities and Exchange Commission, upon request, full information regarding the shares purchased at each separate price within the range set forth in this footnote (1) to this Form 4.
- [F2]Weighted average price. These shares were purchased in multiple transactions at prices ranging from $69.68 to $70.50, inclusive. The reporting persons undertake to provide the issuer, any security holder of the issuer,or the staff of the Securities and Exchange Commission, upon request, full information regarding the shares purchased at each separate price within the range set forth in this footnote (2) to this Form 4.
- [F3]Beneficial ownership of the shares owned by Continental Grain Company ("CGC") listed above, and which Paul Fribourg may be deemed to beneficially own by virtue of his position as Chairman and Chief Executive Officer of CGC, is expressly disclaimed by Paul Fribourg, except to the extent of his pecuniary interest.
- [F4]Beneficial ownership of the shares owned by the JDW 2011 Trust f/b/o Adam Wolfensohn (the "JDW Trust") listed above, and which Paul Fribourg may be deemed to beneficially own by virtue of his position as soletrustee of the JDW Trust, is expressly disclaimed by Paul Fribourg, who has no control or authority over trading decisions with respect to such shares, except to the extent of his pecuniary interest.
- [F5]Beneficial ownership of the shares owned by the Wolfensohn Foundation Primary Trust (the "Wolfensohn Foundation Trust") listed above, and which Paul Fribourg may be deemed to beneficially own by virtue of hisposition as sole trustee of the Wolfensohn Foundation Trust, is expressly disclaimed by Paul Fribourg, who has no control or authority over trading decisions with respect to such shares, except to the extent of his pecuniaryinterest.
- [F6]Beneficial ownership of the shares owned by the Wolfensohn Foundation Segregated Account (the "Wolfensohn Foundation Segregated Account Trust") listed above, and which Paul Fribourg may be deemed tobeneficially own by virtue of his position as sole trustee of the Wolfensohn Foundation Segregated Account Trust, is expressly disclaimed by Paul Fribourg, who has no control or authority over trading decisions withrespect to such shares, except to the extent of his pecuniary interest.
Signature
/s/ Steve Landsman, attorney in fact|2026-03-16