Form Type: 4

SEC EDGAR Link
Accession Number:0001127602-23-004793
Date:2023-02-09
Issuer: SENSIENT TECHNOLOGIES CORP (SXT)
Original Submission Date:

Reporting Person:

ROLFS STEPHEN J
777 EAST WISCONSIN AVENUE
MILWAUKEE, WI 53202

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2023-02-09 M 28,272 a $0.00 102,049 direct
COMMON STOCK 2023-02-09 F 14,136 d $72.49 87,913 direct
COMMON STOCK 2023-02-09 0 $0.00 40,569 indirect
COMMON STOCK 2023-02-09 0 $0.00 5,000 indirect
COMMON STOCK 2023-02-09 0 $0.00 1,994 indirect
COMMON STOCK 2023-02-09 0 $0.00 1,731 indirect
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
PERFORMANCE STOCK UNIT 0.0 2023-02-09 deemed execution date M 28,272 (d) common stock 28,272 $0.00 0 direct
PERFORMANCE STOCK UNIT 0.0 deemed execution date 0 ( ) common stock 8,186 $0.00 8,186 direct
PERFORMANCE STOCK UNIT 0.0 deemed execution date 0 ( ) common stock 6,067 $0.00 6,067 direct
PERFORMANCE STOCK UNIT 0.0 deemed execution date 0 ( ) common stock 8,668 $0.00 8,668 direct
Footnotes
IDfootnote
f1 represents vesting of performance stock units at 200% 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 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.
f4 represents shares held in issuer's esop as of the end of the month immediately preceding this filing.
f5 represents shares held in issuer's savings plan as of the end of the month immediately preceding this filing.
f6 represents shares held in issuer's supplemental benefit plan as of the end of the month immediately preceding this filing.
f7 each performance stock unit represents a contingent right to receive one share of issuer's common stock.
f8 performance stock units vested at 200% of the target award amount upon the issuer's achievement of certain performance criteria based on ebitda growth and return on invested capital during a three-year performance period.
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, 2021 through december 31, 2023) 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.
f10 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.
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, 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.
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