Form 4: Sensata Technologies Executive Jennifer Lynn Slater Reports Acquisition of Restricted Securities

Jennifer Lynn Slater, EVP at Sensata Technologies, reports the acquisition of 27,965 restricted shares granted under the company's 2021 Equity Incentive Plan.

Summary

• Jennifer Lynn Slater, an Executive Vice President at Sensata Technologies Holding plc, filed a Form 4 on May 01, 2024, reporting a transaction that occurred on April 29, 2024.
• The transaction involved the acquisition of 27,965 ordinary shares, par value EUR 0.01 per share, granted as unvested restricted securities under the Sensata Technologies Holding plc 2021 Equity Incentive Plan.
• These restricted securities were granted on April 29, 2024, at a price of $0.
• 40% of the restricted securities will vest upon the earlier of October 29, 2024, or the commencement of employment of the new Chief Executive Officer (other than on an interim basis).
• The remaining 60% will vest upon the earlier of October 29, 2025, or twelve months following the commencement of employment of the Permanent CEO.
• Following the reported transaction, Slater beneficially owns 49,397 ordinary shares, which includes 46,723 unvested restricted stock units subject to continued service.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction of granting restricted stock to an executive. It's a common practice and doesn't inherently indicate positive or negative performance.

Positives

• The grant of restricted shares aligns the executive's interests with the long-term performance of the company.
• The vesting schedule is tied to both time and the appointment of a permanent CEO, potentially incentivizing a smooth leadership transition.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The grant of restricted stock aligns the executive's interests with those of the shareholders, potentially leading to better long-term performance.

Key Dates