E. Craig Mitchell - 09 Feb 2023 Form 4 Insider Report for SENSIENT TECHNOLOGIES CORP (SXT)

Role
President, Flavors Group
Signature
/s/ John J. Manning, attorney-in-fact for Mr. Mitchell
Issuer symbol
SXT
Transactions as of
09 Feb 2023
Net transactions value
-$546,502
Form type
4
Filing time
13 Feb 2023, 13:05:10 UTC
Previous filing
09 Dec 2022
Next filing
24 Oct 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SXT Common Stock Options Exercise $0 +16,754 +141% $0.000000 28,624 09 Feb 2023 Direct F1
transaction SXT Common Stock Tax liability $546,502 -7,539 -26% $72.49 21,085 09 Feb 2023 Direct F2
holding SXT Common Stock 135 09 Feb 2023 ESOP F3
holding SXT Common Stock 2,758 09 Feb 2023 Savings 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 -16,754 -100% $0.000000* 0 09 Feb 2023 Common Stock 16,754 Direct F1, F5, F6
holding SXT Performance Stock Unit 5,198 09 Feb 2023 Common Stock 5,198 Direct F5, F7
holding SXT Performance Stock Unit 4,156 09 Feb 2023 Common Stock 4,156 Direct F5, F8
holding SXT Performance Stock Unit 5,765 09 Feb 2023 Common Stock 5,765 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 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 Represents shares held in Issuer's Savings 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 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.
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.
F9 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.