Paul Manning - Feb 8, 2024 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: Feb 8, 2024
Transactions value $: -$1,129,445
Form type: 4
Date filed: 2/9/2024, 06:01 PM
Previous filing: Dec 13, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SXT	Common Stock	Options Exercise	$0	+36K	+17.36%	$0.00	243K	Feb 8, 2024	Direct	F1
transaction	SXT	Common Stock	Tax liability	-$1.13M	-18K	-7.4%	$62.74	225K	Feb 8, 2024	Direct	F2
holding	SXT	Common Stock						60	Feb 8, 2024	By Children
holding	SXT	Common Stock						770	Feb 8, 2024	ESOP	F3
holding	SXT	Common Stock						2.58K	Feb 8, 2024	Supplemental Benefit 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	-36K	-100%	$0.00^*	0	Feb 8, 2024	Common Stock	36K		Direct	F1, F5, F6
holding	SXT	Performance Stock Unit						26.1K	Feb 8, 2024	Common Stock	26.1K		Direct	F5, F7
holding	SXT	Performance Stock Unit						35.2K	Feb 8, 2024	Common Stock	35.2K		Direct	F5, F8
holding	SXT	Performance Stock Unit						42.4K	Feb 8, 2024	Common Stock	42.4K		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 ESOP as of the end of the month immediately preceding this filing.
F4	Represents shares held in Issuer's Supplemental Benefit 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 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.