Stephen J. Rolfs - 08 Feb 2024 Form 4 Insider Report for SENSIENT TECHNOLOGIES CORP (SXT)

Footnote F1

Represents vesting of performance stock units at 123.9% of the target award amount and conversion to shares of Issuer's Common Stock.

Footnote F2

Shares were withheld to cover tax withholding in connection with the vesting of performance stock units.

Footnote F3

Represents shares held by a trust for the benefit of Mr. Rolfs's children and spouse. Mr. Rolfs's spouse is the sole trustee of the trust. Mr. Rolfs disclaims beneficial ownership of these securities.

Footnote F4

Represents shares held in Issuer's ESOP as of the end of the month immediately preceding this filing.

Footnote F5

Represents shares held in Issuer's Savings Plan as of the end of the month immediately preceding this filing.

Footnote F6

Represents shares held in Issuer's Supplemental Benefit Plan as of the end of the month immediately preceding this filing.

Footnote F7

Each performance stock unit represents a contingent right to receive one share of Issuer's Common Stock.

Footnote F8

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.

Footnote F9

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.

Footnote F10

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.

Footnote F11

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.