DeVeau Michael at IFF

**Transaction Summary** On May 1, 2026, Michael DeVeau, EVP and CFO of International Flavors & Fragrances Inc (IFF), exercised 1,389 shares and sold 710 shares at $70.81 per share, netting $50,275. His holdings after the transaction totaled 13,591.57 shares. This represents typical option exercise activity paired with a modest sale. **Context and Notable Pattern** DeVeau's sale represents his first share disposal in over a year—his previous sale was in May 2025. His recent activity shows a consistent pattern of quarterly option exercises (April 2026, May 2025, May 2025) followed by partial share sales. On the same date, three other company executives (Ralf Finzel, Yuvraj Arora, and Deborah Borg) also exercised options and sold shares, suggesting coordinated equity realization rather than concentrated insider conviction in either direction.