Form 4: Sensata Technologies Executive Reports Changes in Beneficial Ownership

David K. Stott, SVP, General Counsel of Sensata Technologies, reports acquisition and disposal of ordinary shares related to equity incentive plan and tax obligations.

Summary

• On April 1, 2024, David K. Stott, SVP, General Counsel of Sensata Technologies Holding plc, acquired 9,257 ordinary shares as part of the company's 2021 Equity Incentive Plan.
• These shares are unvested restricted securities that vest over three years, beginning April 1, 2025, contingent upon continued service.
• On the same day, Stott disposed of 650 ordinary shares to cover taxes due upon the vesting of certain restricted security awards at a price of $36.46 per share.
• Following these transactions, Stott beneficially owns 15,010 ordinary shares, which includes 13,119 unvested restricted stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to 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 the executive's interests with those of the shareholders.
• The vesting schedule encourages continued service and commitment from the executive.

Future Outlook

The executive's future ownership will be affected by the vesting of restricted securities over the next three years, contingent on continued service.

Industry Context

This filing is a routine disclosure related to executive compensation and is common among publicly traded companies. It reflects the company's ongoing equity incentive plan to reward and retain key personnel.

Comparison to Industry Standards

• Equity incentive plans are a standard practice in publicly traded companies to align executive compensation with shareholder value.
• Vesting schedules, such as the three-year vesting period described, are typical in the industry to ensure long-term commitment.
• Tax withholding practices related to vesting equity awards are also standard procedure.

Stakeholder Impact

• Shareholders may view the equity incentive plan positively as it aligns executive interests with company performance.
• Employees may be motivated by the opportunity to participate in similar equity incentive programs.

Key Dates