Company: SXT
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001140361-25-008248
Chunk: 34

Company: SENSIENT TECHNOLOGIES CORP
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 34
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-Pay votes, feedback from institutional shareholders, advice from Willis Towers Watson, information from proxy advisory services, peer group analysis, and management recommendations based on Sensient’s strategic direction and market practices. The Compensation Committee and the Board believe that the positive shareholder support in the Company’s Say-on-Pay votes since 2015 has been a result of the linkage of pay and performance embedded in the design of the Company’s compensation programs and the Company’s strong corporate governance practices. Those practices include the following:

| • | Between 2014-2019, 100% of our long-term equity incentive awards for officers were granted as performance stock unit awards with a three-year performance and vesting period. In 2020, the Compensation Committee decided to reduce this amount from 100% to 60%, with 40% granted in the form of restricted stock with three-year cliff vesting, in order to better align the Company’s compensation with general market practice and to strengthen the retention component of our long-term incentive program. However, the largest component of compensation for our named executive officers remains performance stock unit awards with a three-year performance and vesting period. |

| • | Robust stock ownership guidelines for officers and directors. |

| • | Pro-rated vesting of performance-based equity awards to officers whose employment with the Company terminates because of death, disability, or retirement after reaching retirement age during the performance period. |

| • | Our on-going Board refreshment efforts have resulted in the appointment of eight new independent directors since 2014: Dr. Carleone and Ms. McKeithan-Gebhardt in 2014, Drs. Ferruzzi and Landry in 2015, Mr. Morrison in 2016, Ms. Jackson in 2019, Mr. Jain in 2021, and Mr. Bruggeman in 2024. The current average tenure for the Board nominees is less than eleven years. The average tenure for the independent director nominees is less than eight years. We continue to welcome input from our shareholders regarding potential candidates for the Board of Directors. |

| • | We have a majority standard for the election of directors in non-contested elections combined with a director resignation policy. |

| • | We have strong independent Board leadership through a lead independent director. |

Sensient’s Executive Compensation Program Highlights Sensient’s executive compensation program features the following shareholder favorable “best practices”:

| Compensation Program Feature                |     | Description                                                                                                                                                                                                                                                                                                                                  |
| “Hold-to-retirement” policy                 |