Geraghty Michael C 4
Research Summary
AI-generated summary
Sensient (SXT) President Michael Geraghty Receives Shares via PSU Vest
What Happened
- Michael C. Geraghty, President of Sensient Technologies Corp. (Color Group), had 4,924 performance stock units vest and convert to common shares on Feb 12, 2026. The vesting was at 85.4% of target per plan rules.
- Of the 4,924 shares delivered, 2,462 shares were withheld to cover tax withholding at $97.93 per share, a cash value of $241,104. Net shares received by Geraghty after withholding: 2,462.
- This was an award/vesting event (not an open-market purchase); there was no exercise price paid ($0 exercise price reported for the conversion).
Key Details
- Transaction date: 2026-02-12; Form 4 filed: 2026-02-13 (timely).
- Vesting/conversion: 4,924 shares (reported as derivative exercise/conversion, code M).
- Tax withholding/disposition: 2,462 shares withheld (code F) at $97.93/share = $241,104.
- Net shares delivered to insider: 2,462 shares.
- Footnotes: Vesting represents PSUs paid at 85.4% of target (F1, F6); each PSU converts to one share (F5); shares withheld for tax (F2). Holdings in the Issuer’s Supplemental Benefit Plan and ESOP referenced in footnotes (F3, F4) — total post-transaction holdings are not specified in this summary; see the Form 4 for full beneficial ownership.
- Transaction codes: M = exercise/conversion of derivative (PSU conversion); F = shares withheld for tax. Filing appears timely (no late filing noted).
Context
- This was a performance-based award payout (PSUs), not a market purchase or traditional option exercise requiring cash. The withholding of shares to cover taxes is a routine, administrative disposition and does not necessarily indicate a change in insider sentiment.
- The PSU payout level (85.4%) reflects achievement of specified performance criteria based on adjusted EBITDA growth and adjusted return on invested capital over the applicable performance period.