INTERNATIONAL FLAVORS & FRAGRANCES INC (IFF) Form 8-K — Nov 3, 2026
International Flavors & Fragrances' board approved one-time transaction incentive awards on November 2, 2026 for key executives tied to the previously announced sale of its Food Ingredients business. CEO J. Erik Fyrwald received $700,000 in RSUs with three-year cliff vesting, while CFO Michael DeVeau and Health & Biosciences President Leticia Gonçalves Lourenço each received $700,000 cash awards and Taste President Yuvraj Arora received $350,000. All awards are contingent on the transaction closing — if the definitive agreement is terminated, all awards are forfeited without payment.
Key figures
- Rsu vesting
- three-year cliff vesting, subject to transaction closing
- Cfo cash award
- 700000
- Cash award timing
- single lump sum three months after closing, contingent on continued employment
- Ceo rsu grant value
- 700000
- President hb cash award
- 700000
- President taste cash award
- 350000
AI analysis
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