Form 4: Sensata Technologies Director Andrew Teich Reports Changes in Beneficial Ownership

Director Andrew Teich reports acquisition of restricted shares and disposition of shares to cover taxes.

Summary

• On June 11, 2024, Andrew Teich, a director of Sensata Technologies Holding plc, acquired 4,462 ordinary shares as part of unvested restricted securities granted under the 2021 Equity Incentive Plan.
• These restricted securities vest 100% on the date of the 2025 Annual Shareholders Meeting.
• Also on June 11, 2024, Mr. Teich disposed of 60 ordinary shares at a price of $39.22 to cover taxes due upon vesting of certain restricted security awards.
• Following these transactions, Mr. Teich beneficially owns 31,192 ordinary shares.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects routine transactions related to equity compensation.

Positives

• The acquisition of restricted shares by a director signals confidence in the company's future performance.

Negatives

• The disposition of shares to cover taxes, while routine, slightly reduces the director's holdings.

Future Outlook

The restricted securities will vest 100% on the date of the 2025 Annual Shareholders Meeting.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can influence investor sentiment.

Comparison to Industry Standards

• Monitoring insider transactions is a common practice in corporate governance, with companies like Texas Instruments and Analog Devices also subject to similar reporting requirements.
• The Sensata Technologies 2021 Equity Incentive Plan is similar to those offered by comparable technology companies to attract and retain key personnel.

Stakeholder Impact

• The acquisition of restricted shares by a director can positively influence shareholder confidence.
• The transactions have no immediate impact on employees, customers, suppliers, or creditors.

Key Dates