Sensient Technologies (SXT) officer discloses common stock and PSU awards
Rhea-AI Filing Summary
Sensient Technologies executive President, Flavors & Extracts, reported his initial ownership of the company’s stock. He directly holds 1,808.751 shares of common stock, including restricted shares under the 2017 Stock Plan and shares in a dividend reinvestment plan.
He also holds performance stock units that each represent a contingent right to receive one share of common stock. One award covers 1,864 target shares tied to revenue and return on invested capital over a performance period from January 1, 2026 through December 31, 2028. Another award covers 575 target shares granted under the 2017 Stock Plan, with a three-year performance period from January 1, 2025 through December 31, 2027, based 70% on EBITDA growth and 30% on return on invested capital. Actual shares earned can range from 0% to 150% of the target amounts, subject to performance and continued employment conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Performance Stock Unit | -- | -- | -- |
| holding | Performance Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Includes shares of restricted stock held under Issuer's 2017 Stock Plan, as amended and restated, and shares held in a dividend reinvestment plan. The award is eligible to vest following a three-year performance period (from January 1, 2026 through December 31, 2028) based on applicable performance criteria related to revenue and return on invested capital and other terms and conditions. The number of shares reflected is at the target award amount, but the actual number of shares earned will depend on performance and may be more or less than such amount. Each performance stock unit represents a contingent right to receive one share of Issuer's Common Stock. 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, 2025 through December 31, 2027) 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 150% of the target award amount.
FAQ
What insider position is reported for SENSIENT TECHNOLOGIES CORP (SXT)?
The insider is an officer of Sensient Technologies Corp, serving as President, Flavors & Extracts, and has filed an initial ownership report as a single reporting person.
What performance stock units does the SXT officer hold and what do they represent?
The officer holds performance stock units that each represent a contingent right to receive one share of Sensient common stock. One award is for 1,864 target shares and another is for 575 target shares, both recorded as directly owned derivative securities.