Paul Manning - Dec 9, 2021 Form 4 Insider Report for SENSIENT TECHNOLOGIES CORP (SXT)

Signature
/s/ John J. Manning, Attorney-in-Fact for Mr. Manning
Stock symbol
SXT
Transactions as of
Dec 9, 2021
Transactions value $
$0
Form type
4
Date filed
12/13/2021, 04:37 PM
Next filing
Feb 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SXT Common Stock Award $0 +17.4K +19.62% $0.00 106K Dec 9, 2021 Direct F1
holding SXT Common Stock 60 Dec 9, 2021 By Children
holding SXT Common Stock 662 Dec 9, 2021 ESOP F2
holding SXT Common Stock 1.93K Dec 9, 2021 Supplemental Benefit 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
transaction SXT Performance Stock Unit Award $0 +26.1K $0.00 26.1K Dec 9, 2021 Common Stock 26.1K Direct F4, F5
holding SXT Performance Stock Unit 29.1K Dec 9, 2021 Common Stock 29.1K Direct F4, F6
holding SXT Performance Stock Unit 50.4K Dec 9, 2021 Common Stock 50.4K Direct F4, F7
holding SXT Performance Stock Unit 48.9K Dec 9, 2021 Common Stock 48.9K Direct F4, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of restricted stock under the Issuer's 2017 Stock Plan. The shares are restricted for three years following the grant date.
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 Supplemental Benefit 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. 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.
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, 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.
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, 2020 through December 31, 2022) 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.
F8 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, 2019 through December 31, 2021) 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 150% of the target award amount.