Company: SXT
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001140361-25-008248
Chunk: 62

Company: SENSIENT TECHNOLOGIES CORP
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 62
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 calculated as three times the sum of the executive’s base salary plus the highest annual bonus for the last five years or since reaching age 50, whichever is greater. |

| (2) | The pension enhancement is calculated based on the value of three additional years of employer contributions under Sensient’s benefit plans. For the named executive officers with unvested benefits in the SERP, the pension enhancement also includes calculation of the SERP benefits using the 2015 salary and the bonus paid in February 2015. |

| (3) | Reflects the vesting of all outstanding equity awards as of December 31, 2024. Performance stock units are subject to accelerated vesting at target performance levels upon a change of control, whether or not followed by a qualifying severance. Pursuant to the terms of the restricted stock awards, the Compensation Committee may, among other actions, provide for the acceleration of any time period relating to the vesting of a restricted stock award or may provide for the purchase or termination of such awards for an amount of cash that could have been received had the award been currently exercisable. The above table assumes early vesting of such awards. |

| (4) | None of the Company’s change of control agreements provide for any tax gross-ups. |

As a result of his earlier retirement, Mr. Rolfs received $3,032,001 in SERP benefits, $666,870 in supplemental benefits, $601,511 in restricted stock awards that vested early (as of July 24, 2024, which was the date the Compensation Committee approved the immediate vesting, on a pro-rated basis based on the number of calendar months worked during the restricted period of each grant, of the outstanding shares of restricted stock for Mr. Rolfs), and $49,038 of accrued vacation benefits. CHIEF EXECUTIVE OFFICER PAY RATIO The SEC requires disclosure of the Chief Executive Officer to median employee pay ratio. Our Chief Executive Officer to median employee pay ratio is a reasonable estimate calculated in accordance with Item 402(u) of Regulation S-K. In accordance with SEC rules, we used the same median employee that we identified in our pay ratio calculation for 2023 because there has been no change in our employee population or employee compensation arrangements that we reasonably believe would significantly change our pay ratio. We identified the median employee for 2023 by examining the total cash compensation for all employees, excluding our Chief Executive Officer, as of November 13, 2023. We believe the