Paul Manning is the CEO of Sensient Technology Corporation, a company he joined in 2012 and took over as CEO in 2014. He has a Bachelor's degree in Business Administration, which helped him develop expertise in management. In 2023, Manning's...

Paul Manning is the CEO of Sensient Technology Corporation, a company he joined in 2012 and took over as CEO in 2014. He has a Bachelor's degree in Business Administration, which helped him develop expertise in management. In 2023, Manning's total compensation was around $6.2 million, mostly coming from his salary and vested stock units. Notably, he received no bonus this year because performance goals were not fully met. His approach aligns executive pay with performance, emphasizing long-term results rather than short-term gains. Paul is also personally connected to the company's legacy—his father, Kenneth P. Manning, was the previous CEO and now serves as Chairman of the Board. This kind of family transition in corporate leadership is rare but shows continuity in vision and strategy. Under Paul’s leadership, Sensient is focused on growing its core businesses, particularly in flavors and colors, which are vital to the food and beverage industry. The company’s stock performance is still key to his wealth, making performance metrics crucial in his role.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Sensient Technology CEOs

S

Paul Manning

CEO of Sensient Technology

Education

Bachelor's degree in Chemistry from Stanford University

Field of Expertise

Business & Management

Sector of Economy

Basic Materials

Born

May 10, 1973 - 51 years ago

CEO of Sensient Technology for

11 years 2 months (Feb 2014 - Present)

Previous Experience

President and Chief Operating Officer at Sensient Technologies

Rivals

Competitors/colleagues of Paul Manning

M

Douglas T. Dietrich

CEO of Minerals Technologies

2021 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$1.84M

Other

$47.12K

Total Holdings

$15.45M

I

Nicholas Fanandakis

CEO of ITT

2023 Compensation

Stock

$0.00

Salary

$1.09M

Bonus

$0.00

Other

$158.98K

Total Holdings

$1.45M

Holdings

See how much did Paul Manning make over time.

Paul Manning has seen significant fluctuations in his stock holdings over the years. In 2023, he had 100,756 performance stock units that vested, valued at approximately $7.8 million, but he also faced performance issues that resulted in no cash bonus....

Paul Manning has seen significant fluctuations in his stock holdings over the years. In 2023, he had 100,756 performance stock units that vested, valued at approximately $7.8 million, but he also faced performance issues that resulted in no cash bonus. His earlier years of receiving larger bonuses, like the $1.6 million in 2021, highlighted better performance metrics at that time. As of 2023, his holdings reflect the pressure to meet corporate goals, with an increasing focus on long-term gains rather than short-term boosts. This could also mean a shift in employee ownership strategies, aiming to align interests with shareholders as the market evolves. The overall picture paints an interesting path for someone deeply integrated into the fabric of a company that has been evolving for years.

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Insider Trading

See recent insider trades of Paul Manning.

SXT

22,994 shares

SXT

Dec 4, 2024

Received

SXT

28,294 shares

SXT

Dec 6, 2023

Received

SXT

23,440 shares

SXT

Dec 7, 2022

Received

SXT

17,390 shares

SXT

Dec 9, 2021

Received

SXT

19,373 shares

SXT

Dec 10, 2020

Received

SXT

$917.30

SXT at $45.87/share

May 18, 2020

Purchase

SXT

$56.06K

SXT at $56.06/share

Feb 19, 2020

Purchase

SXT

$55.65K

SXT at $55.65/share

Feb 13, 2020

Purchase

SXT

$81.15K

SXT at $54.10/share

Feb 9, 2016

Purchase

SXT

$65.90K

SXT at $65.90/share

Jul 28, 2015

Purchase

Compensation History

See how much did Paul Manning make over time.

In 2023, Paul Manning's total compensation was around $6.2 million, a significant figure that includes a base salary of $1.08 million and the value of vested stock, which contributed over $7.8 million. Unlike previous years, he didn't receive a cash bonus this year due to not fully meeting the company's performance goals, particularly in EBITDA and revenue targets. This situation emphasizes the company's strategy to tie compensation closely to performance metrics. Over the past years, his compensation has fluctuated with company performance, peaking in 2022 at nearly $7.6 million, which included cash bonuses. There seems to be a clear commitment from his side to focus on long-term growth, evident from how he manages stock grants as part of performance incentives, pointing toward a strategy that aligns with broader shareholder interests.

Year

2023

Total Compensation

$9.11M

Salary

$1.08M

Board Justification

The compensation philosophy aligns executive pay with company performance, focusing on long-term value creation and retention of key talent.

Bonus

$0.00

Board Justification

No bonus was awarded for 2023 due to performance metrics not being met.

Other

$198.83K

Board Justification

Other compensation includes contributions to retirement plans and other benefits.

Restricted Stock

$7.83M(100.76K performance stock units)

Board Justification

100,756 shares of performance stock units vested in 2023 based on the achievement of performance conditions over the prior three-year period.

Performance Metrics

Performance metrics for 2023 included adjusted EBITDA (70% weight) and adjusted revenue (30% weight), with actual performance falling short of targets.

Other Sensient Technology CEOs

Here are other CEOs of Sensient Technology

Kenneth P. Manning

Ex-CEO of Sensient Technology

January 1996 - February 2014