E. Craig Mitchell - Dec 11, 2023 Form 4 Insider Report for SENSIENT TECHNOLOGIES CORP (SXT)

Role
President, Flavors Group
Signature
/s/ John J. Manning, attorney-in-fact for Mr. Mitchell
Stock symbol
SXT
Transactions as of
Dec 11, 2023
Transactions value $
-$104,200
Form type
4
Date filed
12/13/2023, 02:07 PM
Previous filing
Oct 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SXT Common Stock Tax liability -$104K -1.7K -9.2% $61.33 16.8K Dec 11, 2023 Direct F1
holding SXT Common Stock 180 Dec 11, 2023 ESOP F2
holding SXT Common Stock 3.32K Dec 11, 2023 Savings Plan F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding SXT Performance Stock Unit 5.77K Dec 11, 2023 Common Stock 5.77K Direct F4, F5
holding SXT Performance Stock Unit 4.16K Dec 11, 2023 Common Stock 4.16K Direct F4, F6
holding SXT Performance Stock Unit 5.2K Dec 11, 2023 Common Stock 5.2K Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were withheld to cover tax withholding in connection with the vesting of a prior restricted stock grant.
F2 Represents shares held in Issuer's ESOP as of the end of the month immediately preceding this filing.
F3 Represents shares held in Issuer's Savings Plan as of the end of the month immediately preceding this filing.
F4 Each performance stock unit represents a contingent right to receive one share of Issuer's Common Stock.
F5 Represents grant of performance stock units under Issuer's 2017 Stock Plan, as amended and restated. The award is eligible to vest following a three-year performance period (from January 1, 2023 through December 31, 2025) as follows: (1) 70% of the award is eligible to vest upon achievement of certain performance criteria based on EBITDA growth, and (2) 30% of the award is eligible to vest upon achievement of certain performance criteria based on return on invested capital. Subject to certain continued employment conditions and subject to accelerated vesting in certain circumstances, the actual number of shares earned will be determined and vest following the three-year performance period. The number of shares reflected is at the target award amount. No performance stock units will vest below a minimum level of performance. At or above the minimum level of performance, the actual number of shares earned may range from 0% to 200% of the target award amount.
F6 Represents grant of performance stock units under Issuer's 2017 Stock Plan. The award is eligible to vest following a three-year performance period (from January 1, 2022 through December 31, 2024) as follows: (1) 70% of the award is eligible to vest upon achievement of certain performance criteria based on EBITDA growth, and (2) 30% of the award is eligible to vest upon achievement of certain performance criteria based on return on invested capital. Subject to certain continued employment conditions and subject to accelerated vesting in certain circumstances, the actual number of shares earned will be determined and vest following the three-year performance period. The number of shares reflected is at the target award amount. No performance stock units will vest below a minimum level of performance. At or above the minimum level of performance, the actual number of shares earned may range from 0% to 200% of the target award amount.
F7 Represents grant of performance stock units under Issuer's 2017 Stock Plan. The award is eligible to vest following a three-year performance period (from January 1, 2021 through December 31, 2023) as follows: (1) 70% of the award is eligible to vest upon achievement of certain performance criteria based on EBITDA growth, and (2) 30% of the award is eligible to vest upon achievement of certain performance criteria based on return on invested capital. Subject to certain continued employment conditions and subject to accelerated vesting in certain circumstances, the actual number of shares earned will be determined and vest following the three-year performance period. The number of shares reflected is at the target award amount. No performance stock units will vest below a minimum level of performance. At or above the minimum level of performance, the actual number of shares earned may range from 0% to 200% of the target award amount.