Sensata Technologies (NYSE: ST) EVP awarded 11,513 restricted ordinary shares
Rhea-AI Filing Summary
Hertzke Patrick Norton reported acquisition or exercise transactions in this Form 4 filing.
Sensata Technologies Holding plc EVP, Growth & Transformation Patrick Norton received an equity grant of 11,513 ordinary shares as restricted securities. The award was granted under the Sensata Technologies Holding plc 2021 Equity Incentive Plan at no purchase price.
The restricted securities were granted on April 1, 2026 and vest over three years, in equal one-third installments each year beginning on April 1, 2027, subject to his continued service. Following this grant, Norton directly holds a total of 42,930 ordinary shares, including unvested restricted securities subject to continued service conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 11,513 shares
Net Buy
1 txn
Insider
Hertzke Patrick Norton
Role
EVP, Growth & Transformation
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares, par value EUR 0.01 per share | 11,513 | $0.00 | $0.00 |
Holdings After Transaction:
Ordinary Shares, par value EUR 0.01 per share — 42,930 shares (Direct)
Footnotes (3)
- F1. Granted pursuant to the Sensata Technologies Holding plc 2021 Equity Incentive Plan.
- F2. Consists of unvested restricted securities granted to the reporting person on April 1, 2026. The restricted securities vest over three years at one third per year, beginning on April 1, 2027 subject to the reporting person's continued service.
- F3. Consists of unvested restricted securities subject to the reporting person's continued service.
Key Figures
Restricted shares granted: 11,513 shares
Price per granted share: $0.0000 per share
Total shares after grant: 42,930 shares
+2 more
5 metrics
Restricted shares granted
11,513 shares
Equity grant to EVP Patrick Norton on April 1, 2026
Price per granted share
$0.0000 per share
Grant under 2021 Equity Incentive Plan
Total shares after grant
42,930 shares
Direct holdings following the April 1, 2026 transaction
Vesting period
3 years
Restricted securities vest one third per year from April 1, 2027
Initial vesting date
April 1, 2027
First one-third of restricted securities scheduled to vest
Key Terms
restricted securities, Equity Incentive Plan, vest, continued service
4 terms
restricted securities financial
"Consists of unvested restricted securities granted to the reporting person on April 1, 2026."
Restricted securities are shares or other investment instruments that come with legal or contractual limits on when and how they can be sold, like stock given to founders or bought in a private offering. Think of them as assets in a locked box that can’t be freely traded until certain conditions — such as a waiting period, company registration, or specific approvals — are met. For investors this matters because restricted securities are less liquid and can affect timing, price, and perceived value when they eventually enter the market.
Equity Incentive Plan financial
"Granted pursuant to the Sensata Technologies Holding plc 2021 Equity Incentive Plan."
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
vest financial
"The restricted securities vest over three years at one third per year, beginning on April 1, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
continued service financial
"subject to the reporting person's continued service."
FAQ
What did Sensata Technologies (ST) executive Patrick Norton report in this Form 4?
Patrick Norton reported receiving an equity grant of 11,513 ordinary shares as restricted securities. The award was granted at no purchase price and increases his direct holdings to 42,930 ordinary shares, including unvested restricted securities subject to continued service.
What type of securities did Patrick Norton receive from Sensata Technologies (ST)?
He received 11,513 ordinary shares as unvested restricted securities. These are equity awards that do not fully belong to him until they vest over time, subject to his continued service with Sensata Technologies Holding plc as outlined in the grant terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
