Paul Manning - Dec 11, 2023 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: Dec 11, 2023
Transactions value $: -$594,042
Form type: 4
Date filed: 12/13/2023, 02:09 PM
Previous filing: Dec 8, 2023
Next filing: Feb 9, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SXT	Common Stock	Tax liability	-$594K	-9.69K	-4.46%	$61.33	207K	Dec 11, 2023	Direct	F1
holding	SXT	Common Stock						60	Dec 11, 2023	By Children
holding	SXT	Common Stock						765	Dec 11, 2023	ESOP	F2
holding	SXT	Common Stock						2.56K	Dec 11, 2023	Supplemental Benefit Plan	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
holding	SXT	Performance Stock Unit						42.4K	Dec 11, 2023	Common Stock	42.4K		Direct	F4, F5
holding	SXT	Performance Stock Unit						35.2K	Dec 11, 2023	Common Stock	35.2K		Direct	F4, F6
holding	SXT	Performance Stock Unit						26.1K	Dec 11, 2023	Common Stock	26.1K		Direct	F4, F7
holding	SXT	Performance Stock Unit						29.1K	Dec 11, 2023	Common Stock	29.1K		Direct	F4, F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares were withheld to cover tax withholding in connection with the vesting of a prior restricted stock grant.
F2	Represents shares held in Issuer's ESOP as of the end of the month immediately preceding this filing.
F3	Represents shares held in Issuer's Supplemental Benefit Plan 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	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, 2024 through December 31, 2026) 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.
F6	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.
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. 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.