Form 4: Sensata Technologies Director Reports Changes in Beneficial Ownership

Director Ali John Mirshekari reports acquisition and disposal of Sensata Technologies shares, including grants of restricted securities and shares withheld for taxes.

Summary

• On June 11, 2024, Director Ali John Mirshekari reported transactions involving Sensata Technologies Holding plc ordinary shares.
• Mirshekari acquired 4,462 shares as restricted securities granted under the 2021 Equity Incentive Plan, vesting 100% on the date of the 2025 Annual Shareholders Meeting.
• Additionally, 63 shares were disposed of to cover taxes due upon the vesting of certain restricted security awards at a price of $39.22 per share.
• Following these transactions, Mirshekari directly owns 5,659 shares and indirectly owns 268,310 shares through M Partners Fund LP.
• Mirshekari disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest as Managing Partner of M Partners Fund LP.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating neutral sentiment.

Positives

• The grant of restricted shares to a director aligns their interests with those of the shareholders.
• The equity incentive plan is designed to motivate and retain key personnel.

Management Comments

• The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest as Managing Partner of M Partners Fund LP, and this report shall not be deemed as an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or any other purpose.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Comparison to Industry Standards

• Equity compensation is a common practice among publicly traded companies to align management's interests with shareholders.
• The vesting schedule of the restricted securities is typical for equity grants.

Stakeholder Impact

• Shareholders are informed about the transactions of a company director, providing transparency.

Key Dates