International Flavors & Fragrances (IFF) reports a director or officer change

International Flavors & Fragrances’ board approved one-time transaction incentive awards on November 2, 2026, tied to the company’s previously announced sale of its Food Ingredients business. CEO J. Erik Fyrwald received restricted stock units valued at $700,000 that vest in full on the third anniversary of the grant and settle in shares, while other executives will receive cash lump sums payable three months after closing. The awards, disclosed in a Form 8-K filed November 3, 2026, are contingent on the transaction closing and are forfeited if the definitive agreement is terminated. The board said the incentives are meant to retain key leaders through the complex closing and post-closing transition and to align management with shareholders, with Fyrwald’s equity component tying his payout to the company’s share price after the deal. Investors will watch for the Food Ingredients sale to close, which triggers vesting and cash payments, and for any further executive retention terms disclosed in the filing.