SENSIENT TECHNOLOGIES CORP — Director's Dealing 2022

Feb 14, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SENSIENT TECHNOLOGIES CORP (SXT)
CIK: 0000310142
Period of Report: 2022-02-10

Reporting Person: ROLFS STEPHEN J (Senior VP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-10	Common Stock	M	5314	—	Acquired	70656	Direct
2022-02-10	Common Stock	F	2657	$83.43	Disposed	67999	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-10	Performance Stock Unit	$	M	5314	Disposed		Common Stock (5314)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	40569	Indirect
Common Stock	4865.047	Indirect
Common Stock	1951.598	Indirect
Common Stock	1628.076	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Performance Stock Unit	$		Common Stock (14136)	14136	Direct
Performance Stock Unit	$		Common Stock (8186)	8186	Direct
Performance Stock Unit	$		Common Stock (6067)	6067	Direct

Footnotes

F1: Represents vesting of performance stock units at 36.4% 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 36.4% 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, 2020 through December 31, 2022) 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, 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.

F11: 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.