☒
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ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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☐
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TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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A.
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Full title of the plan and address of the plan, if different from that of the issuer named below:
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B.
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Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
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Page
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4
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5
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6
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7
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14
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15
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16
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2022
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2021
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|||||||
ASSETS:
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||||||||
Investments at fair value: | ||||||||
Interest in Sensient Technologies Corporation Master Trust
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$
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43,697,821
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$
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63,137,452
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||||
Contributions receivable
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1,340,870
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1,196,002
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||||||
Net assets available for benefits
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$
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45,038,691
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$
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64,333,454
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2022
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||||
ADDITIONS:
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||||
Sensient Technologies Corporation contributions
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$
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1,340,870
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||
DEDUCTIONS:
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||||
Net investment loss from Sensient Technologies Corporation Master Trust
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(14,551,904
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)
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||
Withdrawals and distributions
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(6,083,729
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)
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||
Total deductions
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(20,635,633
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)
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||
Net decrease
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(19,294,763
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)
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||
Net assets available for benefits: | ||||
Beginning of year
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64,333,454
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|||
End of year
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$
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45,038,691
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2022
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2021
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|||||||
Sensient Technologies Corporation stock fund
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$
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49,326,217
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$
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71,467,619
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||||
Mutual funds
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204,701,654
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247,600,257
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||||||
Common collective trust fund measured at NAV
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14,163,519
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13,289,587
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||||||
Net assets in Master Trust
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$
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268,191,390
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$
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332,357,463
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2022
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2021
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|||||||
Sensient Technologies Corporation stock fund
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$
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36,539,116
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$
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54,049,424
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||||
Mutual funds
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3,983,175
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5,504,666
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||||||
Common collective trust fund measured at NAV
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3,175,530
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3,583,362
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||||||
Plan’s interest in net assets in Master Trust
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$
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43,697,821
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$
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63,137,452
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2022
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||||
Dividends on Sensient Technologies Corporation stock fund
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$
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1,099,260
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||
Interest and other dividends
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4,460,080
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|||
Net depreciation of investments based on quoted market prices
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(72,376,082
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)
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||
Net investment loss of Master Trust
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$
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(66,816,742
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)
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Plan’s equity in net investment of the Master Trust
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$
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(14,551,904
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)
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2022
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||||
Sensient Technologies Corporation stock fund
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$
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(19,069,468
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)
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Mutual funds | (53,306,614 | ) | ||
Net depreciation in fair value of investments – Master Trust
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$
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(72,376,082
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)
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2022
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2021
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|||||||
Non-participant directed net assets: | ||||||||
Sensient Technologies Corporation stock fund
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$
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36,539,116
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$
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54,049,424
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||||
Contributions receivable from Sensient Technologies Corporation
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1,327,420
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1,177,240
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||||||
Non-participant directed net assets
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$
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37,866,536
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$
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55,226,664
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2022
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||||
Changes in non-participant directed net assets: | ||||
Contributions
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$ | 1,327,420 | ||
Dividends
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820,470 | |||
Net depreciation
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(14,469,062 | ) | ||
Withdrawals and distributions
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(4,993,020 | ) | ||
Transfers to participant directed investments
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(45,936 | ) | ||
$
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(17,360,128
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)
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December 31, 2022
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Level 1
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Total
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||||||
Sensient Technologies
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||||||||
Corporation stock fund
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$
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49,326,217
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$
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49,326,217
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||||
Mutual funds
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204,701,654
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204,701,654
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||||||
Total assets in the fair value hierarchy
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$
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254,027,871
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$
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254,027,871
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||||
Common collective trust fund (A)
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-
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14,163,519
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||||||
Total assets at fair value
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$
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254,027,871
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$
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268,191,390
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December 31, 2021
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Level 1
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Total
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||||||
Sensient Technologies
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||||||||
Corporation stock fund
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$
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71,467,619
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$
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71,467,619
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||||
Mutual funds
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247,600,257
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247,600,257
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||||||
Total assets in the fair value hierarchy
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$
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319,067,876
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$
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319,067,876
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||||
Common collective trust fund (A)
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-
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13,289,587
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||||||
Total assets at fair value
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$
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319,067,876
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$
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332,357,463
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(A) | |
In accordance with ASC Subtopic 820-10, Fair Value Measurement – Overall, certain investments that were measured at fair value using net asset value per share as a
practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the line items presented in the statements of net
assets available for benefits. This category includes a common collective trust fund that is designed to deliver safety and stability by preserving principal and accumulating earnings. This fund is primarily invested in guaranteed
investment contracts and synthetic investment contracts. Participant-directed redemptions have no restrictions; however, the Plan is required to provide a one-year redemption notice to liquidate its entire share in the fund.
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December 31,
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||||||||
2022
|
2021
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|||||||
Net assets available for benefits per the financial statements
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$
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45,038,691
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$
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64,333,454
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||||
Benefits payable
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(115,532
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)
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(3,234
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)
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Net assets available for benefits per the Form 5500
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$
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44,923,159
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$
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64,330,220
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Net deductions in net assets available for benefits per the financial statements
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$
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(19,294,763
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)
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Benefits payable
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(112,298
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)
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||
Net deductions in net assets available for benefits per the Form 5500
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$
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(19,407,061
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)
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Exhibit No.
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Description
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Consent of Independent Registered Public Accounting Firm
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Sensient Technologies Corporation Retirement Employee Stock Ownership Plan | ||
Date: June 5, 2023
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By:
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/s/ John J. Manning
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Name:
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John J. Manning
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Title:
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Senior Vice President, General Counsel & Secretary
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