Michael C. Geraghty - 06 Nov 2024 Form 4 Insider Report for SENSIENT TECHNOLOGIES CORP (SXT)

Signature
/s/ John J. Manning, Attorney-in-Fact for Mr. Geraghty
Issuer symbol
SXT
Transactions as of
06 Nov 2024
Net transactions value
-$321,932
Form type
4
Filing time
08 Nov 2024, 17:44:08 UTC
Previous filing
09 Feb 2024
Next filing
06 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SXT Common Stock Sale $321,932 -4,000 -9.9% $80.48 36,518 06 Nov 2024 Direct F1
holding SXT Common Stock 406 06 Nov 2024 Supplemental Benefit Plan F2
holding SXT Common Stock 656 06 Nov 2024 ESOP 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 3,943 06 Nov 2024 Common Stock 3,943 Direct F4, F5
holding SXT Performance Stock Unit 5,765 06 Nov 2024 Common Stock 5,765 Direct F4, F6
holding SXT Performance Stock Unit 7,205 06 Nov 2024 Common Stock 7,205 Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $80.36 to $80.60. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares and prices at which the transactions were effected.
F2 Represents shares held in Issuer's Supplemental Benefit Plan as of the end of the month immediately preceding this filing.
F3 Represents shares held in Issuer's ESOP 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. 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.
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, 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.