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
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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.
How many SXT common shares does the reporting person currently own?
The reporting person beneficially owns 1,808.751 shares of Sensient common stock in direct form. This amount includes restricted stock held under the company’s 2017 Stock Plan, as amended and restated, and shares held in a dividend reinvestment plan.
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.
What are the performance periods and metrics for the 1,864-share performance stock unit award at SXT?
The 1,864-share performance stock unit award is eligible to vest after a three-year performance period from January 1, 2026 through December 31, 2028. Vesting is based on performance criteria related to revenue and return on invested capital and other terms and conditions. The 1,864 shares reflect the target award amount, and the actual shares earned may be more or less depending on performance.
How is the 575-share performance stock unit grant at SXT structured?
The 575-share performance stock unit grant was made under Sensient’s 2017 Stock Plan, as amended and restated. It has a three-year performance period from January 1, 2025 through December 31, 2027. 70% of the award is tied to performance criteria based on EBITDA growth, and 30% is tied to return on invested capital. The target amount is 575 shares.
What range of shares can ultimately vest from the SXT performance stock unit awards?
For the performance stock unit grant described in the explanations, no units will vest below a minimum level of performance. At or above that minimum, the actual number of shares earned may range from 0% to 150% of the target award amount, subject to performance and certain continued employment conditions and potential accelerated vesting in certain circumstances.