Company: SXT
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001140361-25-008248
Chunk: 63

Company: SENSIENT TECHNOLOGIES CORP
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 63
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 use of total cash compensation is a consistently applied compensation measure because we do not widely distribute equity awards to employees. Approximately 3.7% of our employees received equity awards in 2023 and approximately 3.6% of our employees received equity awards in 2024. We included all employees, whether employed on a full-time, part-time, seasonal, or temporary basis. We excluded from consideration employees who were on a leave of absence for the entirety of 2023. We annualized the compensation of permanent full-time and part-time employees who were employed for a partial year. To calculate total cash compensation for any employee that we paid in foreign currencies other than U.S. Dollars, we converted foreign currencies to U.S. Dollars based on the average daily spot rates during December 2023. Consistent with Item 402(u)(4)(ii) of Regulation S-K, we applied the de minimis exemption to exclude employees in four countries. Our total number of employees as of November 13, 2023, as defined in Item 402(u)(3) of Regulation S-K, was 3,938, of which 1,706 employees were located in the United States, and 2,232 employees were located outside the United States. Utilizing these headcounts, we exempted 83 employees from the Philippines, 16 employees from Indonesia, 4 employees from the Netherlands, and 2 employees from Hong Kong, for a total of 105 employees, under the de minimis exemption. We calculated the median employee’s 2024 compensation using the same methodology we use for our named executive officers as set forth in the 2024 Summary Compensation Table included in this proxy statement. We then

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added the value of health and welfare plan benefits to both the median employee’s 2024 compensation and Mr. Paul Manning’s 2024 compensation (as reflected above in the Summary Compensation Table included in this proxy statement). Our median employee’s total compensation for 2024 was $69,057 (which included $8,269 in health insurance benefits, a $2,296 contribution by the Company to the employee’s 401(k) plan account, and a $574 contribution by the Company to the employee’s ESOP account), and Mr. Paul Manning’s total compensation for 2024 was $7,865,019 (which included $18,972 in health insurance benefits paid by the Company, a $46,851 contribution by the Company to Mr. Paul Manning’s 401(k) plan