Amy Schmidt Jones - Feb 10, 2022 Form 4 Insider Report for SENSIENT TECHNOLOGIES CORP (SXT)

Role
VP, HR and Senior Counsel
Signature
/s/ John J. Manning, Attorney-in-Fact for Ms. Jones
Stock symbol
SXT
Transactions as of
Feb 10, 2022
Transactions value $
-$53,479
Form type
4
Date filed
2/14/2022, 02:00 PM
Previous filing
Dec 13, 2021
Next filing
Dec 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SXT Common Stock Options Exercise $0 +2K +46.98% $0.00 6.26K Feb 10, 2022 Direct F1
transaction SXT Common Stock Tax liability -$53.5K -641 -10.23% $83.43 5.62K Feb 10, 2022 Direct F2
holding SXT Common Stock 127 Feb 10, 2022 ESOP 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 Options Exercise $0 -2K -100% $0.00* 0 Feb 10, 2022 Common Stock 2K Direct F1, F4, F5
holding SXT Performance Stock Unit 5.76K Feb 10, 2022 Common Stock 5.76K Direct F4, F6
holding SXT Performance Stock Unit 3.6K Feb 10, 2022 Common Stock 3.6K Direct F4, F7
holding SXT Performance Stock Unit 2.79K Feb 10, 2022 Common Stock 2.79K Direct F4, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents vesting of performance stock units at 36.4% of the target award amount and conversion to shares of Issuer's Common Stock.
F2 Shares were withheld to cover tax withholding in connection with the vesting of performance stock units.
F3 Represents shares held in Issuer's ESOP 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 Performance stock units vested at 36.4% of the target award amount upon the Issuer's achievement of certain performance criteria based on EBITDA growth and return on invested capital during a three-year performance period.
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, 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.
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.
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, 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.