Sensient director awarded stock, covers tax with shares
Sensient Technologies director Scott C. Morrison reported routine equity compensation activity.
Rhea-AI Filing Summary
Sensient Technologies director Scott C. Morrison reported routine equity compensation activity. He received a grant of 1,119 shares of common stock as restricted stock under the company’s 2017 Stock Plan at no cash cost. In a separate move, 674 shares were withheld to cover tax obligations tied to the vesting of an earlier restricted stock grant, which is not an open-market sale. After these transactions, he directly holds about 12,220 shares of Sensient common stock, including restricted shares and shares held in a dividend reinvestment plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
MORRISON SCOTT C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,119 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 674 | $99.23 | $67K |
Holdings After Transaction:
Common Stock — 11,546.476 shares (Direct)
Footnotes (3)
- F1. Represents grant of restricted stock under Issuer's 2017 Stock Plan, as amended and restated.
- F2. Includes shares of restricted stock held under Issuer's 2017 Stock Plan, as amended and restated, and shares held in a dividend reinvestment plan.
- F3. Shares were withheld to cover tax withholding in connection with the vesting of prior restricted stock grant.
Key Figures
Restricted stock grant: 1,119 shares
Tax withholding shares: 674 shares
Grant price per share: $0.0000 per share
+3 more
6 metrics
Restricted stock grant
1,119 shares
Common Stock award under 2017 Stock Plan
Tax withholding shares
674 shares
Withheld to cover tax on prior restricted stock vesting
Grant price per share
$0.0000 per share
Restricted stock grant, no cash cost to recipient
Tax withholding price
$99.23 per share
Value used for shares withheld for tax obligations
Shares after withholding
11,546.476 shares
Direct holdings after tax-withholding disposition
Shares after grant
12,220.476 shares
Direct holdings after restricted stock award
Key Terms
restricted stock, 2017 Stock Plan, dividend reinvestment plan, tax withholding, +1 more
5 terms
restricted stock financial
"Represents grant of restricted stock under Issuer's 2017 Stock Plan"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
2017 Stock Plan financial
"under Issuer's 2017 Stock Plan, as amended and restated"
dividend reinvestment plan financial
"and shares held in a dividend reinvestment plan"
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
tax withholding financial
"Shares were withheld to cover tax withholding in connection with the vesting"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Sensient Technologies (SXT) report for Scott C. Morrison?
Scott C. Morrison reported a restricted stock grant and a tax-related share withholding. He received 1,119 restricted shares and had 674 shares withheld to cover taxes from a prior vesting, leaving him with about 12,220 shares held directly.
Was the Sensient Technologies (SXT) Form 4 transaction an open-market stock sale?
No, the filing shows no open-market sale. The 674 shares were withheld to satisfy tax obligations from vesting restricted stock, while 1,119 new restricted shares were granted as compensation, resulting in a higher overall share balance afterward.
What type of compensation did Scott C. Morrison receive from Sensient Technologies (SXT)?
He received equity compensation in the form of restricted stock. The Form 4 notes a grant of 1,119 shares under Sensient’s 2017 Stock Plan, with no cash paid per share, reflecting a typical director or executive incentive award structure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
