Form 4: Sensata Technologies Director Daniel Black Reports Grant of Restricted Stock and Tax-Related Share Withholding
Insider Transaction Report
Sensata Technologies Holding plc Director Daniel Black reported the acquisition of 6,178 restricted ordinary shares as part of an equity incentive plan and the disposition of 128 shares for tax withholding purposes.
Summary
- Daniel Black, a Director of Sensata Technologies Holding plc, reported transactions involving the company's ordinary shares.
- On June 10, 2025, Mr. Black was granted 6,178 unvested restricted ordinary shares under the Sensata Technologies Holding plc 2021 Equity Incentive Plan. These shares vest 100% on the date of the 2026 Annual Shareholders Meeting.
- Concurrently, 128 ordinary shares were disposed of at a price of $28.33 per share to cover taxes due upon the vesting of certain restricted security awards.
- Following these transactions, Mr. Black directly beneficially owns 21,056 ordinary shares.
Sentiment
Score: 6
Explanation: The sentiment is slightly positive as it reflects an equity grant to a director, aligning their interests with shareholders, although a small number of shares were disposed of for tax purposes, which is a routine event.
Positives
- Grant of 6,178 restricted ordinary shares to Director Daniel Black, aligning management incentives with shareholder interests.
- The grant is part of the Sensata Technologies Holding plc 2021 Equity Incentive Plan, indicating ongoing use of equity-based compensation.
Negatives
- Disposition of 128 shares to cover taxes, which slightly reduces the direct beneficial ownership.
Future Outlook
The 6,178 restricted securities granted to Daniel Black are scheduled to vest 100% on the date of the 2026 Annual Shareholders Meeting, indicating a future milestone for this equity award.
Industry Context
This is a routine insider transaction filing, common across all publicly traded companies, reflecting standard executive compensation practices involving equity grants and tax-related share dispositions. It does not provide broader industry trends.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Daniel Black granted power of attorney to Michael Richards, Richard Siedel, David Stott, and Kramer Ortman to execute and file Forms 3, 4, and 5 on his behalf, ensuring compliance with Section 16(a) of the Securities Exchange Act of 1934. | 10/22/2024 | Streamlines compliance for insider reporting requirements for the named director. |
Stakeholder Impact
- Shareholders: The grant of restricted shares to a director aligns management's interests with shareholder value creation, as the shares vest based on future performance or tenure.
- Employees: The equity incentive plan supports a compensation structure that may be common across the company, potentially impacting other employees with similar awards.
Next Steps
- The 6,178 restricted securities granted to Daniel Black are expected to vest 100% on the date of the 2026 Annual Shareholders Meeting.
Key Dates
| Date | Description |
|---|---|
| 10/22/2024 | Effective date of Power of Attorney granted by Daniel Black. |
| 06/10/2025 | Date of transaction for acquisition of restricted shares and disposition of shares for tax withholding. |
| 06/12/2025 | Date of filing of the Form 4. |
| 2026 Annual Shareholders Meeting | Expected vesting date for the 6,178 restricted securities. |
Keywords
Sensata Technologies Holding plc, ST, Daniel Black, Form 4, Insider Transaction, Restricted Stock, Equity Incentive Plan, Share Grant, Tax Withholding, Director Compensation
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