IFF grants executive incentive awards tied to Food Ingredients sale closing
IFF•IFF approved one-time incentive awards tied to the closing of its Food Ingredients business sale: CEO J. Erik Fyrwald received $700,000 in restricted stock units, while three executives received cash awards of $350,000 to $700,000 each.
1. Awards depend on closing
IFF approved the awards on November 2, 2026, contingent on the sale closing. Fyrwald’s $700,000 in restricted stock units vest in full on the grant date’s third anniversary. Michael DeVeau and Leticia Gonçalves Lourenço each received $700,000 cash awards, and Yuvraj Arora received $350,000. Cash awards are payable three months after closing and require continued employment through payment; termination of the sale agreement triggers forfeiture of all awards.
