Jones Amy Schmidt 4
Research Summary
AI-generated summary
SENSIENT (SXT) VP Amy Schmidt Jones Receives 3,388 Shares
What Happened
Amy Schmidt Jones, Vice President, HR and Senior Counsel at SENSIENT TECHNOLOGIES CORP (SXT), had performance stock units convert into 3,388 shares of common stock on 2026-02-12 (conversion reported as derivative exercise at $0.00). To satisfy tax withholding on the vesting, 1,694 shares were withheld/disposed at $97.93 per share for a withholding value of $165,893. Net shares retained by Jones from this event were 1,694 shares.
Key Details
- Transaction date: 2026-02-12; filing date: 2026-02-13 (timely).
- Conversion price: $0.00 per share (PSU conversion); tax withholding price: $97.93 per share.
- Shares involved: 3,388 shares converted; 1,694 shares withheld for taxes (disposed); net increase +1,694 shares.
- Shares owned after transaction: Not specified in the provided summary.
- Footnotes: PSUs vested at 85.4% of target based on achievement of performance criteria tied to adjusted EBITDA growth and adjusted return on invested capital over a three-year performance period. Each PSU equals a contingent right to one share. Withholding of shares was to cover tax obligations (routine). Awards issued under the Issuer’s 2017 Stock Plan.
Context
- This was not an open-market purchase or sale for cash—it's vesting/conversion of performance stock units. The withholding of shares for taxes is a common cashless mechanism and should be viewed as a routine administrative step rather than an independent market signal.
- For clarity: "M" entries indicate conversion/exercise of a derivative (PSU conversion); "F" indicates shares withheld/disposed to satisfy tax withholding.