Steven B. Morris - Apr 30, 2024 Form 4 Insider Report for SENSIENT TECHNOLOGIES CORP (SXT)

Role
President, Flavors Group
Signature
/s/ John J. Manning, Attorney-in-Fact for Mr. Morris
Stock symbol
SXT
Transactions as of
Apr 30, 2024
Transactions value $
-$29,187
Form type
4
Date filed
5/1/2024, 05:59 PM
Previous filing
Mar 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SXT Common Stock Sale -$29.2K -400 -8.92% $72.97 4.08K Apr 30, 2024 Direct
holding SXT Common Stock 1.05K Apr 30, 2024 ESOP F1

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 2.96K Apr 30, 2024 Common Stock 2.96K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares held in Issuer's ESOP as of the end of the month immediately preceding this filing.
F2 Each performance stock unit represents a contingent right to receive one share of Issuer's Common Stock.
F3 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, 2024 through December 31, 2026) 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.