Form 4: Sensata Technologies Director Martha N. Sullivan Reports Changes in Beneficial Ownership
SEC Form 4
Martha N. Sullivan, a director at Sensata Technologies Holding plc, reported the disposition of shares to cover taxes and the forfeiture of restricted stock units following the termination of her role as Interim CEO.
Summary
- On December 31, 2024, Martha N. Sullivan, a director at Sensata Technologies Holding plc, reported changes in her beneficial ownership of the company's ordinary shares.
- 5,688 shares were disposed of to cover taxes due, at a price of $27.4 per share.
- Additionally, 51,294 unvested restricted stock units were forfeited due to the termination of her employment as Interim Chief Executive Officer, effective December 31, 2024.
- Following these transactions, Sullivan directly owns 363,712 ordinary shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in stock ownership, with neutral sentiment.
Negatives
- Martha N. Sullivan forfeited 51,294 unvested restricted stock units.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence in publicly traded companies.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Interim Chief Executive Officer | Martha N. Sullivan | New CEO (unnamed in this document) | 1/1/2025 | Appointment of new Chief Executive Officer |
Stakeholder Impact
- The forfeiture of restricted stock units may have a minor impact on Martha N. Sullivan's personal holdings.
- The change in CEO could impact the company's strategic direction and performance, affecting shareholders and employees.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of shares disposed of to cover taxes and forfeiture of restricted stock units. |
| 12/31/2024 | Termination date of Martha N. Sullivan as Interim Chief Executive Officer. |
| 01/01/2025 | Effective date of the Company's new Chief Executive Officer. |
| 01/03/2025 | Date of signature on the Form 4 filing. |
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