Form 4: Sensata Technologies Director Daniel Black Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Daniel Black reports acquisition of restricted shares and tax-related disposal of shares in Sensata Technologies.
Summary
- On June 11, 2024, Daniel Black, a director of Sensata Technologies Holding plc, reported changes in beneficial ownership.
- Black acquired 4,462 ordinary shares as unvested restricted securities granted under the 2021 Equity Incentive Plan, vesting 100% on the date of the 2025 Annual Shareholders Meeting.
- Additionally, 39 shares were disposed of to cover taxes due upon vesting of restricted security awards at a price of $39.22 per share.
- Following these transactions, Black directly owns 15,006 ordinary shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions by a company director, indicating a neutral sentiment.
Future Outlook
The acquired restricted securities will vest on the date of the 2025 Annual Shareholders Meeting.
Industry Context
This filing is a routine disclosure related to equity compensation for a company director, which is a common practice in publicly traded companies to align management's interests with those of shareholders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects standard equity compensation practices.
Key Dates
| Date | Description |
|---|---|
| 06/11/2024 | Date of transaction: Acquisition of restricted shares and disposal of shares for tax purposes. |
| 06/13/2024 | Date of signature on the Form 4 filing. |
| 2025 Annual Shareholders Meeting | Vesting date for the acquired restricted securities. |
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