Form 4: Sensata Technologies Director Lorraine Bolsinger Reports Grant of Restricted Stock and Tax-Related Share Withholding
Statement of Changes in Beneficial Ownership
Sensata Technologies Holding plc Director Lorraine A. Bolsinger reported the grant of 6,178 restricted ordinary shares and the disposition of 304 shares to cover tax liabilities, effective June 10, 2025.
Summary
- Lorraine A. Bolsinger, a Director of Sensata Technologies Holding plc, reported changes in her beneficial ownership of the company's ordinary shares.
- On June 10, 2025, Ms. Bolsinger was granted 6,178 ordinary shares as unvested restricted securities under the Sensata Technologies Holding plc 2021 Equity Incentive Plan.
- These granted shares are scheduled to vest 100% on the date of the 2026 Annual Shareholders Meeting.
- Concurrently, 304 ordinary shares were disposed of at a price of $28.33 per share to cover tax liabilities associated with the vesting of certain restricted security awards.
- Following these transactions, Ms. Bolsinger's direct beneficial ownership stands at 24,963 ordinary shares.
Sentiment
Score: 7
Explanation: The sentiment is moderately positive as it reflects a grant of equity to a director, aligning interests, which is a common and expected compensation practice. The tax withholding is a necessary and routine part of such grants.
Positives
- Grant of 6,178 restricted ordinary shares to Director Lorraine A. Bolsinger, aligning her interests with long-term shareholder value.
- The grant is part of the Sensata Technologies Holding plc 2021 Equity Incentive Plan, indicating ongoing use of equity incentives for directors.
Negatives
- Disposition of 304 ordinary shares at $28.33 to cover tax liabilities, which reduces the director's direct shareholding.
Future Outlook
NA
Industry Context
This Form 4 filing is a standard disclosure of an insider transaction and does not provide information relevant to broader industry trends or competitive landscape.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Lorraine A. Bolsinger granted a Power of Attorney to specific individuals (Michael Richards, Richard Siedel, David Stott, and Kramer Ortman) to execute and file Forms 3, 4, and 5 on her behalf, ensuring compliance with Section 16(a) of the Securities Exchange Act of 1934. | 2024-10-22 | Enhances efficiency and ensures timely compliance with SEC reporting requirements for insider transactions. |
Stakeholder Impact
- Shareholders: The grant of restricted stock to a director aligns management's interests with long-term shareholder value. The disclosure provides transparency regarding insider holdings.
- Director (Lorraine A. Bolsinger): Receives additional equity compensation, increasing her stake in the company, subject to future vesting.
Next Steps
- The 6,178 restricted ordinary shares granted on June 10, 2025, are scheduled to vest 100% on the date of the 2026 Annual Shareholders Meeting.
Key Dates
| Date | Description |
|---|---|
| 2024-10-22 | Effective date of the Power of Attorney granted by Lorraine A. Bolsinger. |
| 2025-06-10 | Date of grant of restricted securities and disposition of shares for tax purposes. |
| 2025-06-12 | Date the Form 4 was filed. |
| 2026-XX-XX | Approximate date of the 2026 Annual Shareholders Meeting, when the granted restricted securities are expected to vest 100%. |
Keywords
Sensata Technologies Holding plc, ST, Form 4, Insider Trading, Beneficial Ownership, Restricted Stock Unit, Equity Incentive Plan, Director Compensation, Share Grant, Tax Withholding
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