Sensient (NYSE: SXT) executive logs tax share withholding and new PSU grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sensient Technologies executive Steven B. Morris reported a small share disposition linked to taxes and new performance-based equity awards. On March 2, 2026, 373 shares of common stock were withheld at $100.58 per share to cover tax obligations from a prior restricted stock vesting, leaving 6,959.372 directly held shares and additional shares in an ESOP. Morris also holds and received grants of performance stock units that may convert into common stock after three-year performance periods ending in 2026, 2027, and 2028, based on EBITDA growth, revenue, and return on invested capital, with actual shares earned ranging from 0% to 200% of target awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Morris Steven B
Role
President-Elect, Color Group
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 373 | $100.58 | $38K |
| holding | Performance Stock Unit | -- | -- | -- |
| holding | Performance Stock Unit | -- | -- | -- |
| holding | Performance Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 6,959.372 shares (Direct);
Performance Stock Unit — 2,962 shares (Direct);
Common Stock — 1,135.017 shares (Indirect, ESOP)
Footnotes (1)
- Shares were withheld to cover tax withholding in connection with the vesting of a prior restricted stock grant. Includes shares of restricted stock held under Issuer's 2017 Stock Plan, as amended and restated, and shares held in a dividend reinvestment plan. Represents shares held in Issuer's ESOP as of the end of the month immediately preceding this filing. 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, 2024 through December 31, 2026) 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. 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 200% of the target award amount. 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.
FAQ
What insider transaction did SXT executive Steven B. Morris report?
Steven B. Morris reported a tax-withholding disposition of 373 common shares at $100.58 per share. The shares were withheld to satisfy tax obligations tied to vesting of a prior restricted stock grant, not an open-market sale.
What performance stock unit awards does SXT executive Steven B. Morris hold?
Morris holds performance stock units granted under Sensient’s 2017 Stock Plan. Each unit represents a right to one common share, with grants tied to three-year performance periods ending in 2026, 2027, and 2028, subject to performance and employment conditions.
How are the SXT performance stock units for Steven B. Morris earned and vested?
The awards are eligible to vest after three-year performance periods, based mainly on EBITDA growth, revenue, and return on invested capital. Actual shares earned may range from 0% to 200% of target, assuming continued employment and meeting minimum performance levels.
What plan governs the equity awards reported for Sensient Technologies (SXT)?
The restricted stock and performance stock unit awards for Steven B. Morris are granted under Sensient Technologies’ 2017 Stock Plan, as amended and restated. The plan covers both time-based restricted stock and performance-based units linked to financial metrics.