Mitchell E. Craig 4
4 · SENSIENT TECHNOLOGIES CORP · Filed Dec 7, 2018
Insider Transaction Report
Form 4
Mitchell E. Craig
Pres, Flavors & Fragrances Grp
Transactions
- Award
Performance Stock Unit
2018-12-06+8,200→ 8,200 total→ Common Stock (8,200 underlying)
Footnotes (2)
- [F1]Each performance stock unit represents a contingent right to receive one share of Issuer's Common Stock.
- [F2]Represents grant of performance stock units under Issuer's 2017 Stock Plan. The award is eligible to vest following a three-year performance period (from January 1, 2019 through December 31, 2021) 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 150% of the target award amount.