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

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
13 Feb 2023, 13:05:10 UTC
Prior SEC filing
09 Dec 2022
Next SEC filing
24 Oct 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ John J. Manning, attorney-in-fact for Mr. Mitchell

Key filing fact

E. Craig Mitchell filed Form 4 for SENSIENT TECHNOLOGIES CORP (SXT) on 13 Feb 2023.

Key facts

  • This page summarizes E. Craig Mitchell's Form 4 filing for SENSIENT TECHNOLOGIES CORP (SXT).
  • 3 reported transactions and 4 derivative rows are listed below.
  • Accepted by SEC: 13 Feb 2023, 13:05.

Change

  • Previous filing in this sequence was filed on 09 Dec 2022.
  • Current net transaction value: -$546,502.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SXT transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+16,754
Change %
+141%
Price
$0.000000
Shares after
28,624
Date
09 Feb 2023
Ownership
Direct
Footnotes
F1
SXT transaction

Common Stock

Tax liability

Transaction value
$546,502
Shares
-7,539
Change %
-26%
Price
$72.49
Shares after
21,085
Date
09 Feb 2023
Ownership
Direct
Footnotes
F2
SXT holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
135
Date
09 Feb 2023
Ownership
ESOP
Footnotes
F3
SXT holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
2,758
Date
09 Feb 2023
Ownership
Savings Plan
Footnotes
F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SXT transaction Derivative

Performance Stock Unit

Options Exercise

Transaction value
$0
Shares
-16,754
Change %
-100%
Price
$0.000000*
Shares after
0
Date
09 Feb 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
16,754
Exercise price
Footnotes
F1, F5, F6
SXT holding Derivative

Performance Stock Unit

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
5,198
Date
09 Feb 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
5,198
Exercise price
Footnotes
F5, F7
SXT holding Derivative

Performance Stock Unit

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
4,156
Date
09 Feb 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
4,156
Exercise price
Footnotes
F5, F8
SXT holding Derivative

Performance Stock Unit

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
5,765
Date
09 Feb 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
5,765
Exercise price
Footnotes
F5, F9
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 9 footnotes

Footnote F1

Represents vesting of performance stock units at 200% of the target award amount and conversion to shares of Issuer's Common Stock.

Footnote F2

Shares were withheld to cover tax withholding in connection with the vesting of performance stock units.

Footnote F3

Represents shares held in Issuer's ESOP as of the end of the month immediately preceding this filing.

Footnote F4

Represents shares held in Issuer's Savings Plan as of the end of the month immediately preceding this filing.

Footnote F5

Each performance stock unit represents a contingent right to receive one share of Issuer's Common Stock.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

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