Form 4: Sensata Technologies EVP Jennifer Lynn Slater Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Jennifer Lynn Slater, EVP of Performance Sensing at Sensata Technologies, reports acquisition and disposal of ordinary shares related to equity incentive plan and tax obligations.
Summary
- On April 1, 2024, Jennifer Lynn Slater, EVP of Performance Sensing at Sensata Technologies, acquired 12,343 ordinary shares as part of the company's 2021 Equity Incentive Plan.
- These shares are unvested restricted securities that will vest over three years, starting April 1, 2025, contingent upon continued service.
- Also on April 1, 2024, Slater disposed of 534 ordinary shares at $36.46 per share to cover taxes due upon the vesting of restricted security awards.
- Following these transactions, Slater beneficially owns 21,432 ordinary shares, which includes 18,758 unvested restricted stock units.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and alignment of interests. There are no indications of negative events or concerns.
Positives
- The acquisition of shares under the equity incentive plan aligns Slater's interests with those of the company and its shareholders.
- The vesting schedule encourages continued service and commitment from the executive.
Future Outlook
The unvested restricted securities will vest over three years, starting April 1, 2025, contingent upon the reporting person's continued service.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: acquisition of 12,343 ordinary shares and disposal of 534 ordinary shares. |
| 04/01/2025 | Start date for vesting of restricted securities, vesting one-third per year over three years. |
| 04/03/2024 | Date of signature for the Form 4 filing. |
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