Company: SXT
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001140361-25-008248
Chunk: 39

Company: SENSIENT TECHNOLOGIES CORP
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 39
---
 attempt to keep the peer group fairly stable from year to year for comparison purposes. In July 2024, the Compensation Committee removed Tredegar Corporation because its core business focus shifted to a product mix that does not align with the Company and its market capitalization is the lowest of the Company’s peer group. To replace Tredegar Corporation, the Committee added LSB Industries, Inc., which is in the diversified chemicals industry and is already a peer company used by some proxy advisory firms to evaluate the Company’s executive compensation program. The Committee will further review potential additions again next year. The Comparable Company Data included in the 2024 analysis was considered by the Compensation Committee in making decisions for:

| • | 2025 base salaries; |

| • | annual management incentive plan target awards for performance during 2025; |

| • | 2024 restricted stock awards with a three-year vesting period (which will vest, if at all, in December 2027). |

The Committee’s analysis was based in part on published survey data of a broad group of public and private companies and in part on an analysis of the proxy statements of a peer group of 17 public companies prepared by the Committee’s outside compensation consultant. As further described above, the peer group of 17 public companies included in 2024 was:

| Ashland Inc.                   |     | Ingevity Corporation  |     | Medifast, Inc.                   |     | Stepan Company              |
| Balchem Corporation            |     | Innospec Inc.         |     | Minerals Technologies Inc.       |     | USANA Health Sciences, Inc. |
| Ecovyst Inc.                   |     | Koppers Holdings Inc. |     | Nu Skin Enterprises, Inc.        |     |                             |
| Edgewell Personal Care Company |     | LSB Industries, Inc.  |     | Quaker Chemical Corporation      |     |                             |
| Hawkins, Inc.                  |     | Mativ Holdings, Inc.  |     | Rayonier Advanced Materials Inc. |     |                             |

This public company peer group is comparable to Sensient in complexity and market challenges. Sensient’s market capitalization, operating income, and revenue ranked at the 83rd, 70th, and 35th percentiles of the peer companies, respectively. The Compensation Committee has the sole authority to retain and terminate a compensation consulting firm to assist it in the evaluation of compensation of the Chief Executive Officer and other executives and employees of the Company and the