Adam Vanderleest - Jul 1, 2024 Form 4 Insider Report for SENSIENT TECHNOLOGIES CORP (SXT)

Signature
/s/ John J. Manning, Attorney-in-Fact for Mr. Vanderleest
Stock symbol
SXT
Transactions as of
Jul 1, 2024
Transactions value $
$0
Form type
4
Date filed
7/3/2024, 12:57 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SXT Common Stock Award $0 +190 +18.76% $0.00 1.2K Jul 1, 2024 Direct F1
holding SXT Common Stock 302 Jul 1, 2024 ESOP F2

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 Award $0 +286 $0.00 286 Jul 1, 2024 Common Stock 286 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of restricted stock under Issuer's 2017 Stock Plan, as amended and restated, in connection with Mr. Vanderleest's appointment to his new position. The shares are restricted until December 2026 and will vest at the same time and on the same terms as the restricted stock awards granted to the Company's executive officers in December 2023.
F2 Represents shares held in Issuer's ESOP as of the end of the month immediately preceding this filing.
F3 Each performance stock unit represents a contingent right to receive one share of Issuer's Common Stock.
F4 Represents grant of performance stock units under Issuer's 2017 Stock Plan, as amended and restated, in connection with Mr. Vanderleest's appointment to his new position. The terms of this award are the same as the performance stock unit awards granted to the Company's executive officers in December 2023.
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.