Michael C. Geraghty - Feb 8, 2024 Form 4 Insider Report for SENSIENT TECHNOLOGIES CORP (SXT)

Signature
/s/ John J. Manning, Attorney-in-Fact for Mr. Geraghty
Stock symbol
SXT
Transactions as of
Feb 8, 2024
Transactions value $
-$202,023
Form type
4
Date filed
2/9/2024, 05:53 PM
Previous filing
Dec 13, 2023
Next filing
Nov 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SXT Common Stock Options Exercise $0 +6.44K +17.27% $0.00 43.7K Feb 8, 2024 Direct F1
transaction SXT Common Stock Tax liability -$202K -3.22K -7.36% $62.74 40.5K Feb 8, 2024 Direct F2
holding SXT Common Stock 400 Feb 8, 2024 Supplemental Benefit Plan F3
holding SXT Common Stock 597 Feb 8, 2024 ESOP 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 -6.44K -100% $0.00* 0 Feb 8, 2024 Common Stock 6.44K Direct F1, F5, F6
holding SXT Performance Stock Unit 3.94K Feb 8, 2024 Common Stock 3.94K Direct F5, F7
holding SXT Performance Stock Unit 5.77K Feb 8, 2024 Common Stock 5.77K Direct F5, F8
holding SXT Performance Stock Unit 7.21K Feb 8, 2024 Common Stock 7.21K 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 123.9% 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 Supplemental Benefit Plan as of the end of the month immediately preceding this filing.
F4 Represents shares held in Issuer's ESOP 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 123.9% of the target award amount upon the Issuer's achievement of certain performance criteria based on adjusted EBITDA growth and adjusted 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, 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.
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, 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.