Company: SXT
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001140361-25-008248
Chunk: 42

Company: SENSIENT TECHNOLOGIES CORP
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 42
---
 levels and changes for similar positions; and the increased responsibilities of officers operating in a lean corporate environment. These factors ordinarily are not specifically weighted or ranked; instead, they are considered in a holistic way. For 2024, the Committee began with market data (comprised of the Comparable Company Data), and then determined actual base salaries for Sensient’s executives after considering the Chief Executive Officer’s recommendations. The Company continues to believe that the unique skills and qualifications of its executive officers are important to the ongoing growth and success of the Company. Our Chief Executive Officer did not receive a salary increase for 2023 to 2024. The salary increases for the other named executive officers were between 1.8% and 2.4%. The Committee approved salary increases to named executive officers with reference to the 50th percentile of salaries in our peer group for their position as well as such officers’ experience and tenure. For 2025 compensation decisions, which were made in December 2024, the Committee determined base salaries for Sensient’s executives based on the Comparable Market Data and the Chief Executive Officer’s recommendations. The Committee also considered the Company’s strong 2024 financial performance. Base salary increases in 2025 for our named executive officers ranged from 0% to 6.3%. Annual Incentive Plan Awards Sensient maintains annual management incentive plans for its officers, business unit management, senior leaders, and other key individuals. Annual incentive compensation is intended to provide cash-based incentives based upon achieving overall Company, group, or divisional financial goals, while placing a significant part of each person’s total compensation at risk depending upon achievement of those goals. The Committee has discretion to reduce any award by up to 20% if the Committee determines a reduction to be appropriate, such as if the Committee determines that the plan participant caused the Company to take unnecessary or excessive risks. The Committee also has discretion to make exclusions or adjustments for items that were not considered at the time the performance goals were set and are related to an activity or event that is outside of the Company’s ordinary course of business or impacts comparability between periods. For 2024 annual incentive target awards approved in February 2024 for Ms. Jones and Messrs. Paul Manning, Rolfs, Tornehl, and John J. Manning, based upon the achievement of performance goals during 2024, performance was measured based on a weighted average of the Company’s achievement of two performance goals:

| • | adjusted EBITDA (70% weight), and |