Manning Paul 4

What Happened

• Paul Manning, Chairman, President & CEO of SENSIENT TECHNOLOGIES CORP (SXT), had performance stock units convert into 30,027 shares on Feb 12, 2026. Of those, 15,013 shares were withheld/disposed to cover tax withholding at $97.93 per share, generating approximately $1,470,223. The conversion is reported as an exercise/settlement of derivative awards (transaction code M) and the share withholding/tax payment is reported under code F.

Key Details

• Transaction dates: conversion/settlement and withholding occurred on 2026-02-12; Form 4 filed 2026-02-13 (timely).
• Conversion: 30,027 shares acquired via vesting/conversion of performance stock units (exercise/settlement, $0.00 reported for exercise price).
• Tax withholding/disposition: 15,013 shares disposed @ $97.93 = $1,470,223 to satisfy tax obligations.
• Footnotes: Vesting occurred at 85.4% of target award based on multi-year performance metrics (adjusted EBITDA growth and adjusted ROIC). Performance units convert 1:1 to common shares when they vest. Award granted under the 2017 Stock Plan; vesting was performance-based.
• Shares owned after transaction: not specified here—see the full Form 4 for total post-transaction beneficial holdings.
• Transaction codes: M = exercise/conversion of derivative; F = shares withheld/sold for tax withholding.

Context

• This was not an open-market buy or discretionary sale but the conversion/vesting of performance-based awards with a routine tax-withholding disposition (a cashless-like withholding of shares to cover taxes). Such activity is typically compensation-related and does not necessarily signal a buy/sell decision by the insider.