SXT executive sells 200 shares, retains equity stake
Sensient Technologies executive Steven B. Morris, President of the Color Group, reported an open-market sale of 200 shares of common stock at an average price of $114.5758 per share.
Rhea-AI Filing Summary
Sensient Technologies executive Steven B. Morris, President of the Color Group, reported an open-market sale of 200 shares of common stock at an average price of $114.5758 per share. After this sale, he directly holds 6,759.372 shares of common stock and indirectly holds 1,175.82 shares through the company ESOP.
In addition, Morris holds several grants of performance stock units, each representing a contingent right to receive one share of common stock. These awards cover 2,641, 2,683, and 2,962 underlying shares at target levels, with three-year performance periods tied to EBITDA growth, revenue, and return on invested capital.
Positive
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Negative
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Insider Trade Summary
Net Seller: 200 shares
Net Sell
5 txns
Insider
Morris Steven B
Role
President, Color Group
Sold
200 shs ($23K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 200 | $114.5758 | $23K |
| holding | Performance Stock Unit | -- | -- | -- |
| holding | Performance Stock Unit | -- | -- | -- |
| holding | Performance Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 6,759.372 shares (Direct);
Performance Stock Unit — 8,286 contracts (Direct);
Common Stock — 1,175.82 shares (Indirect, ESOP)
Footnotes (6)
- F1. Includes shares of restricted stock held under Issuer's 2017 Stock Plan, as amended and restated, and shares held in a dividend reinvestment plan.
- F2. Represents shares held in Issuer's ESOP as of the end of the month immediately preceding this filing.
- F3. Each performance stock unit represents a contingent right to receive one share of Issuer's Common Stock.
- F4. 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.
- F5. 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.
- F6. 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.
Key Figures
Shares sold: 200 shares
Sale price: $114.5758 per share
Direct holdings after sale: 6,759.372 shares
+4 more
7 metrics
Shares sold
200 shares
Open-market sale of common stock on April 30, 2026
Sale price
$114.5758 per share
Average price for 200-share sale of common stock
Direct holdings after sale
6,759.372 shares
Common stock directly held following the transaction
Indirect ESOP holdings
1,175.82 shares
Shares held in issuer’s ESOP at month-end before filing
PSU underlying shares (award 1)
2,641 shares
Target performance stock units linked to EBITDA growth and ROIC
PSU underlying shares (award 2)
2,683 shares
Target performance stock units for 2025–2027 period
PSU underlying shares (award 3)
2,962 shares
Target performance stock units for 2026–2028 period
Key Terms
ESOP, Performance Stock Unit, EBITDA growth, return on invested capital, +1 more
5 terms
ESOP financial
"Represents shares held in Issuer's ESOP as of the end of the month"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
Performance Stock Unit financial
"Each performance stock unit represents a contingent right to receive one share"
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
EBITDA growth financial
"70% of the award is eligible to vest upon achievement of criteria based on EBITDA growth"
return on invested capital financial
"30% of the award is eligible to vest upon criteria based on return on invested capital"
A percentage that shows how effectively a company turns the money invested in its business—both borrowed funds and shareholders’ equity—into operating profit after taxes. It tells investors whether a company earns more from its core operations than it costs to fund those operations; think of it like the annual return you’d expect from renovating a rental property—higher percentages mean the company uses capital more efficiently and is more likely to create value for shareholders.
dividend reinvestment plan financial
"Includes shares of restricted stock 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SENSIENT TECHNOLOGIES (SXT) report for Steven B. Morris?
Steven B. Morris reported an open-market sale of 200 shares of Sensient Technologies common stock. The shares were sold at an average price of $114.5758 per share, as part of his directly held equity position in the company.
What are the terms of Steven B. Morris’s performance stock units in SXT?
Each performance stock unit gives a contingent right to one share of common stock. Awards at target levels cover 2,641, 2,683, and 2,962 shares and may vest over three-year periods based on EBITDA growth, revenue, and return on invested capital performance criteria.
Over what periods can Steven B. Morris’s SXT performance awards vest?
The performance stock units are eligible to vest after three-year performance periods. Disclosed periods run from January 1, 2024 to December 31, 2026, January 1, 2025 to December 31, 2027, and January 1, 2026 to December 31, 2028, subject to performance and employment conditions.
How are EBITDA growth and return on invested capital used in SXT’s performance awards?
For certain awards, 70% of the performance stock units may vest based on EBITDA growth and 30% based on return on invested capital. Actual shares earned can range from 0% to 200% of the target amount, depending on results versus the defined performance thresholds.
What minimum performance is required for Steven B. Morris’s SXT performance stock units to vest?
Some performance stock unit awards require a minimum performance level before any vesting occurs. Below this minimum threshold, no units vest; at or above it, the actual number of shares earned can range between 0% and 200% of the target award amount.
AI-generated analysis. How Rhea-AI works. Not financial advice.
