Paul Manning - Feb 10, 2022 Form 4 Insider Report for SENSIENT TECHNOLOGIES CORP (SXT)

Role
Chairman, President & CEO, Director
Signature
/s/ John J. Manning, Attorney-in-Fact for Mr. Manning
Stock symbol
SXT
Transactions as of
Feb 10, 2022
Transactions value $
-$742,527
Form type
4
Date filed
2/14/2022, 02:06 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 +17.8K +16.79% $0.00 124K Feb 10, 2022 Direct F1
transaction SXT Common Stock Tax liability -$743K -8.9K -7.19% $83.43 115K Feb 10, 2022 Direct F2
holding SXT Common Stock 60 Feb 10, 2022 By Children
holding SXT Common Stock 665 Feb 10, 2022 ESOP F3
holding SXT Common Stock 1.94K Feb 10, 2022 Supplemental Benefit Plan F4

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 -17.8K -100% $0.00* 0 Feb 10, 2022 Common Stock 17.8K Direct F1, F5, F6
holding SXT Performance Stock Unit 50.4K Feb 10, 2022 Common Stock 50.4K Direct F5, F7
holding SXT Performance Stock Unit 29.1K Feb 10, 2022 Common Stock 29.1K Direct F5, F8
holding SXT Performance Stock Unit 26.1K Feb 10, 2022 Common Stock 26.1K Direct F5, F9
* 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 Represents shares held in Issuer's Supplemental Benefit Plan as of the end of the month immediately preceding this filing.
F5 Each performance stock unit represents a contingent right to receive one share of Issuer's Common Stock.
F6 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.
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, 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.
F9 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.