Form 4: Sensata Technologies Executive Sells Shares to Cover Tax Obligations
SEC Form 4
David K. Stott, SVP, General Counsel of Sensata Technologies, disposed of shares to cover tax obligations arising from vesting restricted stock units.
Summary
- On October 29, 2024, David K. Stott, SVP, General Counsel of Sensata Technologies, disposed of 2,463 ordinary shares to cover taxes due upon the vesting of restricted security awards.
- The transaction was executed at a price of $35.33 per share.
- Following the transaction, Stott beneficially owns 33,521 ordinary shares, which includes 25,703 unvested restricted stock units subject to continued service.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (selling shares to cover taxes) and doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 10/29/2024 | Date of transaction: David K. Stott disposed of shares. |
| 10/31/2024 | Date of signature on the Form 4 filing. |
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