SENSIENT TECHNOLOGIES CORP 4
4 · SENSIENT TECHNOLOGIES CORP · Filed Apr 27, 2015
Insider Transaction Report
Form 4
MANNING KENNETH P
DirectorChairman and CEO
Transactions
- Award
Common Stock
2015-04-23+1,302→ 273,732 total
Holdings
- 33,500
Performance Stock Unit
→ Common Stock (33,500 underlying) - 2,000(indirect: By Spouse)
Common Stock
Footnotes (4)
- [F1]Represents grant of restricted stock under Issuer's 2012 Non-Employee Directors Stock Plan.
- [F2]Includes shares of restricted stock held under Issuer's 2012 Non-Employee Directors Stock Plan.
- [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 2007 Stock Plan. The award is eligible to vest following a two year performance period (from January 1, 2014 through December 31, 2015) as follows: (1) 70% of the award is eligible to vest upon achievement of certain performance criteria based on EBIT 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 following the two year performance period and will vest on the third anniversary of the original grant date. 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 50% to 150% of the target award amount.