IFF INTERNATIONAL FLAVORS & FRAGRANCES INC Insider Trading

IFF Director Paul J Fribourg buys 273,500 shares in 2 transactions for $20.3M at blended avg $74.29, lifting stake to 2.68M shares

Director Paul J Fribourg made 2 separate open-market purchases on 2026-06-01 — 13,500 shares at $74.49 and 260,000 shares at $74.28 — totaling 273,500 shares for $20,317,854.50, expanding his holdings from 2,409,230 shares to 2,682,730 shares (+11.4% vs pre-transaction holdings). The transactions were executed at prices above the current price of $73.24, and IFF sits -13.3% from its 52-week high against a backdrop of -5.2% annual revenue growth and a company that was unprofitable over its most recent full fiscal year. Fribourg's prior trades at IFF show a positive pattern: 4 of 5 prior trades were well-timed at the 90-day mark, with his March 2026 buys returning +3.4% and +3.5% at 30 days and +5.9% and +6.0% at 90 days respectively. His cross-ticker track record spans 16 prior buys with an avg 90d return of -3.5% and a 90d win rate of 37.50%, suggesting his IFF-specific outcomes have been stronger than his broader history.

Director Costa bought 25 shares net-sold 5 across 4 transactions Mar–Oct 2023; stock down 14.8% from high.

Costa Mark J executed 2 purchases totaling 25 for $2,056.90 and 2 sales totaling 30 for $2,153.00 across the filing period, resulting in a net reduction of 5 shares (-1.1% vs pre-transaction holdings of 468 shares). The transaction prices ($84.27, $77.49, $80.95, $66.05) show declining momentum, with the final sale at $66.05 occurring as the stock continued to deteriorate; current price is $70.71, down 14.8% from the 52-week high of $83.00. His cross-ticker track record across 5 prior sells shows an 80.00% well-timed rate with avg 90d return -2.5%, but this same-ticker activity represents routine director holdings management rather than a concentrated bet. IFF reported a full-year net loss and annual revenue decline of -5.2%, and a cluster pattern shows 2 other insiders also bought within 14 days—a potential alignment signal during the stock's weakness.

Director Fribourg purchased 156,459 shares across 6 transactions for $10,971,328.64 at IFF.

Director Paul J Fribourg executed 6 separate purchases totaling 156,459 shares for $10,971,328.64 between August 2025 and March 2026, while simultaneously selling 222 shares for $14,481.43 across 4 transactions. The largest acquisitions occurred on 2026-03-12, when he bought 14,200 shares at $70.07 and 142,000 shares at $70.13, representing a concentrated buying window at prices near the current $70.09 level. Net pre-transaction holdings of -156,226 shares indicate substantial cover activity through this filing's purchases. Against his cross-ticker track record of 20 prior buys with an average 90-day return of -0.8% and 50% win rate, and his sole prior IFF purchase on 2025-08-07 (which generated a negative 90-day return of -1.2%), the current stock is down 15.6% from its 52-week high and trading at the lower end of its annual range. The company remains unprofitable on a full-year basis despite $2.7B in latest quarterly revenue, and reported a -5.2% annual revenue decline year-over-year.

CEO Fyrwald buys 14,260 IFF shares for $995,204.09 (avg $69.79); post-transaction stake 91,630 shares (+18.4%)

J Erik Fyrwald, IFF's Chief Executive Officer, executed 2 separate purchases totaling 14,260 shares for $995,204.09 at an average price of $69.79 over March 12–13, 2026, raising his holdings by 18.4% to 91,630 shares. The current stock price of $70.09 sits 15.6% below its 52-week high of $83.00 and down 15.6% over the prior 30 days, though up 8.5% over 90 days. However, his prior 4 trades at IFF have a 0% win rate at the 90-day mark (0 of 4 resulted in stock appreciation within 90 days), and his broader cross-ticker track record shows only a 33.33% 90-day win rate despite averaging 6.7% gains over 30 days. Fundamentally, the company reported negative net income for the full fiscal year, posted -5.2% annual revenue decline, and generated only $40.0M net income on $2.7B quarterly revenue, signaling operational challenges that may warrant closer scrutiny of the CEO's timing and conviction in this market environment.

EVP/General Counsel Landsman buys 3,100 IFF shares at $63.48; stock down 29.0% from 52-week high, his prior buys show 0% 90-day win rate.

Landsman purchased 3,100 shares at $63.48, increasing his holdings by 25.8% from 12,000 to 15,100 shares, at a time when IFF trades at $63.26—near the transaction price and 29.0% below its 52-week high of $89.13. His historical buy pattern at IFF shows poor timing: both prior purchases on 2025-05-19 produced negative 90-day returns (-14.8% and -15.2%), and his cross-ticker track record across 2 prior buys shows 0% win rate at the 90-day mark with an average 90-day return of -15.0%. Notably, annual revenue growth is flat at +0.0% while the company carries a P/E of 66.59, suggesting elevated valuation relative to recent earnings power. This purchase extends a pattern of acquiring shares during periods when they subsequently declined, without evidence of subsequent recovery within the measurement window.

Director Fribourg buys 15,450 shares (15.4K) of IFF at $64.80; stock down 40.1% from 52-week high.

Paul J. Fribourg purchased 15,450 shares at $64.80 on 2025-08-07, establishing an initial position in IFF. The purchase occurs in a period of significant weakness: the stock trades at $63.56, down 40.1% from its 52-week high of $106.07 and off 17.0% over the past 30 days. Fribourg's historical cross-ticker track record shows 19 prior buys with a 52.63% 90-day win rate and an average 90-day return of -0.8%, indicating his purchases have not consistently outperformed. The company's fundamentals show a P/E of 66.91 with flat year-over-year revenue growth (+0.0%), suggesting valuation questions remain despite near-term price decline.

IFF CEO Fyrwald buys 15,300 shares at $64.95; stock down -39.4% from 52-week high of $106.07.

Chief Executive Officer J Erik Fyrwald purchased 15,300 shares at $64.95 on 2025-08-07, increasing his holdings by 24.6% to 77,370 shares. The purchase occurs while IFF trades at $64.23, down 15.7% over 30 days and 39.4% from its 52-week high of $106.07. Fyrwald's prior three purchases at IFF all generated negative 90-day returns (ranging from -13.2% to -5.6%), with a 0.00% win rate at this ticker over the measured period. His cross-ticker track record of three prior open-market buys shows an average 90-day return of -9.8% with a 0.00% win rate, suggesting limited predictive accuracy in his discretionary buy timing. The company's fundamentals show flat annual revenue growth at $2.8B and a high P/E of 67.61, with net income of $612.0M; the current purchase adds to a pattern of accumulation during a period of sustained price decline.

Director O'Byrne bought 4,500 IFF shares at $76.05; holdings +140.8%. Company reports $-1.0B net loss; stock -29.3% from 52-week high.

Kevin O'Byrne, a director of International Flavors & Fragrances, purchased 4,500 shares at $76.05 on 2025-05-22, increasing his holdings by 140.8% to 7,696 shares total. The transaction occurs against a backdrop of material deterioration in fundamentals: the company reported a net loss of $-1.0B on revenue of $2.8B, with zero annual revenue growth, and the stock has declined 29.3% from its 52-week high of $106.07. Additionally, a cluster of 4 other insiders also bought within the past 14 days, indicating coordinated insider accumulation. However, the director's prior open-market buy activity (1 prior buy at this ticker) showed negative 30-day and 90-day returns of -9.1%, and his cross-ticker track record similarly averaged -9.1% over 30 days, providing no comfort that this accumulation is well-positioned.

Director Palau Hernandez Margarita bought 850 IFF shares at $77.42 (5/19/25); 3 other insiders bought within 14 days despite -$1.0B net income.

Director Palau Hernandez Margarita purchased 850 shares at $77.42 on 2025-05-19, increasing her holdings from 1,543 to 2,393 shares (+55.1% vs pre-transaction holdings). This acquisition occurs within a cluster pattern: 3 other insiders also bought within the past 14 days. The cluster buy is notable given the company's recent financial performance, with net income of $-1.0B despite quarterly revenue of $2.8B, and the stock trading -26.6% from its 52-week high of $106.07. The coordinated purchasing activity across multiple insiders during a period of negative earnings and depressed valuation relative to the year's range merits investor monitoring to assess whether the board views current prices as attractive entry points or if other strategic factors are driving the purchases.

EVP/General Counsel Landsman buys 12,000 shares at $77.28 avg; 3 other insiders bought in past 14 days amid -27.1% decline from 52-week high

Stephen N Landsman, EVP and General Counsel, made 2 separate purchases totaling 12,000 shares for $927,355.60 on May 19, 2025, at a blended average price of $77.28. This acquisition comes when IFF's stock is trading at $77.34, having fallen -27.1% from its 52-week high of $106.07, though it has recovered +6.7% over the past 30 days. Most notably, this filing is part of a cluster pattern: 3 other insiders also purchased shares within the past 14 days, suggesting coordinated capital deployment by multiple executives. The company currently faces material headwinds—reporting a -$1.0B net loss in the latest quarter despite $2.8B in quarterly revenue, with an elevated P/E of 81.41—making this multi-executive buying activity noteworthy as a potential shift in insider positioning during a period of operational stress.