Amy M. Agallar - Feb 9, 2023 Form 4 Insider Report for SENSIENT TECHNOLOGIES CORP (SXT)

Signature
/s/ John J. Manning, Attorney-in-Fact for Ms. Agallar
Stock symbol
SXT
Transactions as of
Feb 9, 2023
Transactions value $
-$117,651
Form type
4
Date filed
2/13/2023, 12:54 PM
Previous filing
Dec 9, 2022
Next filing
Dec 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SXT Common Stock Options Exercise $0 +3.25K +126.8% $0.00 5.81K Feb 9, 2023 Direct F1
transaction SXT Common Stock Tax liability -$118K -1.62K -27.95% $72.49 4.18K Feb 9, 2023 Direct F2
holding SXT Common Stock 93.3 Feb 9, 2023 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 -3.25K -100% $0.00* 0 Feb 9, 2023 Common Stock 3.25K Direct F1, F4, F5
holding SXT Performance Stock Unit 1.15K Feb 9, 2023 Common Stock 1.15K Direct F4, F6
holding SXT Performance Stock Unit 910 Feb 9, 2023 Common Stock 910 Direct F4, F7
holding SXT Performance Stock Unit 1.39K Feb 9, 2023 Common Stock 1.39K 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 200% 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 200% 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, 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, 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.
F8 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.