Form 4: Sensient Technologies Director Carleone Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Joseph Carleone reports acquisition of deferred stock and adjustments to common stock holdings in Sensient Technologies Corp.
Summary
- On June 30, 2024, Joseph Carleone, a director of Sensient Technologies Corp, reported changes in beneficial ownership of the company's stock.
- The reported transactions include the acquisition of 492.317 shares of deferred stock due to deferral of director fees under the company's Directors' Deferred Compensation Plan.
- These deferred stock units convert to common stock on a one-for-one basis upon termination of Carleone's service as a director.
- The report also reflects an adjustment to common stock holdings, resulting in a total of 20,038.589 shares beneficially owned following the reported transactions.
- This total includes shares of restricted stock held under the Issuer's 2017 Stock Plan, as amended and restated, and shares held in a dividend reinvestment plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing changes in beneficial ownership. It is neutral in tone and factual in nature.
Future Outlook
Shares of common stock will be issued upon termination of reporting person's service as a director of the Issuer.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company director, as required by the SEC. It provides transparency to investors regarding insider transactions.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the stock holdings of a company director.
Key Dates
| Date | Description |
|---|---|
| 06/30/2024 | Date of earliest transaction: acquisition of deferred stock and adjustment to common stock holdings. |
| 07/02/2024 | Date of signature of the report by Attorney-in-Fact. |
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