Company: SXT
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001140361-25-008248
Chunk: 47

Company: SENSIENT TECHNOLOGIES CORP
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 47
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 the award, if the individual’s employment terminates because of normal retirement in effect on the date of the termination of employment, the period of restriction with respect to any shares of restricted stock held by the individual will terminate and such shares will be free of restrictions. If the individual’s employment terminates because of death or disability before the period of restriction lapses, the period of restriction will terminate with respect to that number of shares of restricted stock equal to the total number of shares of restricted stock granted multiplied by the number of full months which have elapsed since the grant date divided by the maximum number of full months of the period of restriction. The Compensation Committee, in its sole discretion, may waive the restrictions remaining on all such remaining shares. If a change of control occurs during a period of restriction, the Compensation Committee, in its sole discretion, may provide for the acceleration of the vesting of an award or make such other provision as the Compensation Committee may consider equitable and in the best interests of the Company.

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Stock Ownership Guidelines for Officers and Directors As discussed above, the Company’s stock ownership guidelines for officers are applicable within five years from an officer’s date of election or appointment and provide as follows:

| • | the Chief Executive Officer should own stock with a value of at least six times his annual base salary; |

| • | officers who are direct reports to the CEO should own stock with a value of at least two times their annual base salaries; and |

| • | other executive officers should own stock with a value of at least one times their annual base salaries |

(in each case ownership includes all restricted stock and performance stock units at the “target” payment amount). The stock ownership guidelines for officers:

| • | PROHIBIT hedging transactions using Company stock, |

| • | PROHIBIT the use of Company stock as collateral in a margin account, |

| • | PROHIBIT loans of Company stock for purposes of short selling, and |

| • | No categories of hedging transactions are specifically permitted under the Company’s stock ownership guidelines for officers. |

The Company’s stock ownership guidelines for non-employee directors provide that non-employee directors should own shares with a value of at least five times the annual retainer for directors after five years of service on the Board. This policy includes a “hold-to-retirement from the Board” requirement for at least 75% of any additional net shares awarded to them, with an exception for the sale of up to 50% of restricted shares upon vesting (to permit payment