Form 4: Sensata Technologies Executive Lynne J. Caljouw Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Lynne J. Caljouw, EVP and Chief Admin Officer of Sensata Technologies, reports acquisition and disposal of ordinary shares related to equity incentive plans and vesting of restricted stock units.
Summary
- On April 1, 2024, Lynne J. Caljouw, EVP and Chief Admin Officer of Sensata Technologies, reported transactions involving Sensata Technologies Holding plc ordinary shares.
- Caljouw acquired 12,343 shares of unvested restricted securities granted under the 2021 Equity Incentive Plan.
- These restricted securities vest over three years, beginning April 1, 2025, contingent upon continued service.
- An additional 5,236 shares were acquired due to the vesting of performance-based stock unit awards granted in 2021.
- 5,360 shares were withheld to cover taxes due upon the vesting of restricted security awards at a price of $36.46 per share.
- Following these transactions, Caljouw beneficially owns 38,643 ordinary shares, including 19,966 unvested restricted stock units.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects standard executive compensation practices and required disclosures. There are no overtly positive or negative implications.
Positives
- The vesting of performance-based stock units indicates that performance targets were likely met, which is a positive signal.
Future Outlook
The reporting person's future ownership will be affected by the vesting schedule of the restricted securities and any future grants or transactions.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies. It provides transparency into the holdings and transactions of company insiders.
Comparison to Industry Standards
- Equity incentive plans are a standard component of executive compensation packages in the technology and manufacturing industries.
- Vesting schedules of three years are typical for restricted stock units.
- Companies like Texas Instruments and Analog Devices also use similar equity-based compensation plans for their executives.
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 the reported transactions: acquisition and disposal of shares. |
| 04/01/2025 | Start date for the vesting of the restricted securities, vesting one third per year. |
| 04/03/2024 | Date of signature by power of attorney. |
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