Company: SXT
Filing Date: 2025-06-09
Form Type: 11-K
Source: 0001140361-25-021882
Chunk: 7

Company: SENSIENT TECHNOLOGIES CORP
Filing Date: 2025-06-09
Form: 11-K
Chunk 7
---
699 |   |
| Net appreciation                                |     |   |  2,507,675 |   |
| Withdrawals and distributions                   |     |   | (4,234,430 | ) |
| Transfers to participant directed investments   |     |   |   (342,567 | ) |
|                                                 |     | $ |    104,598 |   |

10 SENSIENT TECHNOLOGIES CORPORATION RETIREMENT EMPLOYEE STOCK OWNERSHIP PLAN NOTES TO FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED DECEMBER 31, 2024 Note 5 - Income Tax Status: The Plan has received a determination letter from the Internal Revenue Service dated June 2, 2017, stating that the Plan is qualified under Section 401(a) of the Internal Revenue Code (the Code) and, therefore, the related trust is exempt from taxation. Once qualified, the Plan is required to operate in conformity with the Code to maintain its qualification. The Plan administrator believes the Plan is being operated in compliance with the applicable requirements of the Code. Therefore, the Plan administrator believes that the Plan, as amended, is qualified and the related trust is tax exempt. Note 6 - Related Parties and Parties-in-Interest: The Plan holds shares of mutual funds and units of a common collective trust fund in a Master Trust, managed by the Trustee of the Plan. The Plan also invests in common stock of the Company through a unitized stock fund held by the Master Trust. The unitized stock fund held 577,193 and 628,480 shares of Sensient Technologies Corporation common stock at December 31, 2024 and 2023, respectively. During the year ended December 31, 2024, the unitized stock fund purchased $3,767,332 of shares and sold $7,417,827 of shares. These transactions qualify as related party transactions; however, they are exempt from the prohibited transactions rules under ERISA. The Plan pays fees to the Trustee for investment management, recordkeeping, and other administrative services. Note 7 - Fair Value Measurements: As of December 31, 2024 and 2023, the Plan’s assets and liabilities subject to Accounting Standard Codification (ASC) 820, Fair Value Measurement, are the Sensient Technologies Corporation stock fund, mutual fund investments, and a common collective trust fund held by the Master Trust. The fair value of Company stock fund and mutual funds are based on December 31