{"id":834137,"date":"2025-04-04T16:13:12","date_gmt":"2025-04-04T20:13:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sensata-technologies-holding-plc-announces-performance-criteria-for-previously-announced-inducement-grant-under-new-york-stock-exchange-listed-company-manual-rule-303a-08\/"},"modified":"2025-04-04T16:13:12","modified_gmt":"2025-04-04T20:13:12","slug":"sensata-technologies-holding-plc-announces-performance-criteria-for-previously-announced-inducement-grant-under-new-york-stock-exchange-listed-company-manual-rule-303a-08","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sensata-technologies-holding-plc-announces-performance-criteria-for-previously-announced-inducement-grant-under-new-york-stock-exchange-listed-company-manual-rule-303a-08\/","title":{"rendered":"Sensata Technologies Holding plc Announces Performance Criteria for Previously Announced Inducement Grant Under New York Stock Exchange Listed Company Manual Rule 303A.08"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Sensata Technologies Holding plc Announces Performance Criteria for Previously Announced Inducement Grant Under New York Stock Exchange Listed Company Manual Rule 303A.08<\/b><\/p>\n<p>SWINDON, United Kingdom&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nSensata Technologies (NYSE: ST) today announced that it established the performance criteria for two awards of performance-based restricted stock units (\u201cPRSUs\u201d) issued to its Chief Executive Officer (\u201cCEO\u201d), Stephan von Schuckmann. The awards, which were previously announced, were made pursuant to a previously announced employment agreement between Mr. von Schuckmann and Sensata Technologies and as a material inducement to Mr. von Schuckmann joining Sensata Technologies as its CEO in January 2025.\n<\/p>\n<p>\nThe awards of PRSUs cover 20,073 and 130,475 of Sensata Technologies\u2019 ordinary shares, respectively. The PRSUs will vest (i) 50% based on the relative total shareholder return of Sensata Technologies ordinary shares over a three-year period compared to a group of 12 peer companies over the same period and (ii) 50% based on Sensata Technologies\u2019 return on invested capital over a three-year period, each case calculated in accordance with the terms of the PRSU. In the event that Sensata Technologies relative total shareholder return or return on invested capital exceeds specified targets over the course of the measurement period, the PRSUs may vest with respect to up to 150% of the target number of ordinary shares set forth above. The award agreement for the first PRSU provides that the PRSUs subject to that award shall immediately vest based on the greater of (i) Target or (ii) actual performance at the time of termination based on the Committee\u2019s determination upon an involuntary termination by Sensata Technologies of Mr. von Schuckmann\u2019s employment without cause (as that term is defined in Mr. von Schuckmann\u2019s employment agreement) or a voluntary termination by Mr. von Schuckmann of his employment for good reason (as that term is defined in Mr. von Schuckmann\u2019s employment agreement).\n<\/p>\n<p>\nThe PRSUs are subject in all respects to the terms and conditions of Sensata Technologies\u2019 2021 Equity Incentive Plan (the \u201c2021 Plan\u201d), but were not issued under the 2021 Plan. Except as noted above, the RSUs and PRSUs include vesting treatment on termination of employment or change in control consistent with Sensata Technologies\u2019 standard terms for awards granted to its executive officers pursuant to the 2021 Plan.\n<\/p>\n<p>\nEach award was granted as a material inducement to employment in accordance with the NYSE Listed Company Manual Rule 303A.08.\n<\/p>\n<p><b>About Sensata Technologies<\/b><\/p>\n<p>\nSensata Technologies is a global industrial technology company striving to create a safer, cleaner, more efficient and electrified world. Through its broad portfolio of mission-critical sensors, electrical protection components and sensor-rich solutions, Sensata helps its customers address increasingly complex engineering and operating performance requirements. With more than 18,000 employees and global operations in 14 countries, Sensata serves customers in the automotive, heavy vehicle &amp; off-road, industrial, and aerospace markets. Learn more at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.sensata.com%2F&amp;esheet=54233723&amp;newsitemid=20250404710187&amp;lan=en-US&amp;anchor=www.sensata.com&amp;index=1&amp;md5=bd71425043c0a3e5ad3f447b57ee1728\">www.sensata.com<\/a> and follow Sensata on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fsensata-technologies%2F&amp;esheet=54233723&amp;newsitemid=20250404710187&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=2&amp;md5=b087de6c1b5be22615b8e8268551afa1\">LinkedIn<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.facebook.com%2FSensataTechnologies&amp;esheet=54233723&amp;newsitemid=20250404710187&amp;lan=en-US&amp;anchor=Facebook&amp;index=3&amp;md5=fb89185d5174cfbf29f08d879e45bb4c\">Facebook<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2FSensata&amp;esheet=54233723&amp;newsitemid=20250404710187&amp;lan=en-US&amp;anchor=X&amp;index=4&amp;md5=26820c3c0e42eaa695468f177449250c\">X<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.instagram.com%2Fsensatatechnologies%2F&amp;esheet=54233723&amp;newsitemid=20250404710187&amp;lan=en-US&amp;anchor=Instagram&amp;index=5&amp;md5=fae38d3521149393f08b8690ae32be8d\">Instagram<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250404710187r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250404710187\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250404710187\/en\/<\/a><\/span><\/p>\n<p>\nMedia &amp; Investor Contact:<\/p>\n<p>James Entwistle<br \/>\n<br \/>+1 (508) 954-1561<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:jentwistle@sensata.com\">jentwistle@sensata.com<br \/>\n<\/a><\/p>\n<p><a rel=\"nofollow\" href=\"mailto:investors@sensata.com\">investors@sensata.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United Kingdom Europe<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Hardware EV\/Electric Vehicles Automotive Engineering Technology Automotive Manufacturing General Automotive Manufacturing<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250404710187\/en\/816566\/3\/sen_clr_v_rgb.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Sensata Technologies Holding plc Announces Performance Criteria for Previously Announced Inducement Grant Under New York Stock Exchange Listed Company Manual Rule 303A.08 SWINDON, United Kingdom&#8211;(BUSINESS WIRE)&#8211; Sensata Technologies (NYSE: ST) today announced that it established the performance criteria for two awards of performance-based restricted stock units (\u201cPRSUs\u201d) issued to its Chief Executive Officer (\u201cCEO\u201d), Stephan von Schuckmann. The awards, which were previously announced, were made pursuant to a previously announced employment agreement between Mr. von Schuckmann and Sensata Technologies and as a material inducement to Mr. von Schuckmann joining Sensata Technologies as its CEO in January 2025. The awards of PRSUs cover 20,073 and 130,475 of Sensata Technologies\u2019 ordinary shares, respectively. The PRSUs will vest (i) 50% based on the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sensata-technologies-holding-plc-announces-performance-criteria-for-previously-announced-inducement-grant-under-new-york-stock-exchange-listed-company-manual-rule-303a-08\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Sensata Technologies Holding plc Announces Performance Criteria for Previously Announced Inducement Grant Under New York Stock Exchange Listed Company Manual Rule 303A.08&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-834137","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sensata Technologies Holding plc Announces Performance Criteria for Previously Announced Inducement Grant Under New York Stock Exchange Listed Company Manual Rule 303A.08 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sensata-technologies-holding-plc-announces-performance-criteria-for-previously-announced-inducement-grant-under-new-york-stock-exchange-listed-company-manual-rule-303a-08\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sensata Technologies Holding plc Announces Performance Criteria for Previously Announced Inducement Grant Under New York Stock Exchange Listed Company Manual Rule 303A.08 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Sensata Technologies Holding plc Announces Performance Criteria for Previously Announced Inducement Grant Under New York Stock Exchange Listed Company Manual Rule 303A.08 SWINDON, United Kingdom&#8211;(BUSINESS WIRE)&#8211; Sensata Technologies (NYSE: ST) today announced that it established the performance criteria for two awards of performance-based restricted stock units (\u201cPRSUs\u201d) issued to its Chief Executive Officer (\u201cCEO\u201d), Stephan von Schuckmann. The awards, which were previously announced, were made pursuant to a previously announced employment agreement between Mr. von Schuckmann and Sensata Technologies and as a material inducement to Mr. von Schuckmann joining Sensata Technologies as its CEO in January 2025. The awards of PRSUs cover 20,073 and 130,475 of Sensata Technologies\u2019 ordinary shares, respectively. The PRSUs will vest (i) 50% based on the &hellip; Continue reading &quot;Sensata Technologies Holding plc Announces Performance Criteria for Previously Announced Inducement Grant Under New York Stock Exchange Listed Company Manual Rule 303A.08&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/sensata-technologies-holding-plc-announces-performance-criteria-for-previously-announced-inducement-grant-under-new-york-stock-exchange-listed-company-manual-rule-303a-08\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-04T20:13:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250404710187r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sensata-technologies-holding-plc-announces-performance-criteria-for-previously-announced-inducement-grant-under-new-york-stock-exchange-listed-company-manual-rule-303a-08\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sensata-technologies-holding-plc-announces-performance-criteria-for-previously-announced-inducement-grant-under-new-york-stock-exchange-listed-company-manual-rule-303a-08\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Sensata Technologies Holding plc Announces Performance Criteria for Previously Announced Inducement Grant Under New York Stock Exchange Listed Company Manual Rule 303A.08\",\"datePublished\":\"2025-04-04T20:13:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sensata-technologies-holding-plc-announces-performance-criteria-for-previously-announced-inducement-grant-under-new-york-stock-exchange-listed-company-manual-rule-303a-08\\\/\"},\"wordCount\":540,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sensata-technologies-holding-plc-announces-performance-criteria-for-previously-announced-inducement-grant-under-new-york-stock-exchange-listed-company-manual-rule-303a-08\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20250404710187r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sensata-technologies-holding-plc-announces-performance-criteria-for-previously-announced-inducement-grant-under-new-york-stock-exchange-listed-company-manual-rule-303a-08\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sensata-technologies-holding-plc-announces-performance-criteria-for-previously-announced-inducement-grant-under-new-york-stock-exchange-listed-company-manual-rule-303a-08\\\/\",\"name\":\"Sensata Technologies Holding plc Announces Performance Criteria for Previously Announced Inducement Grant Under New York Stock Exchange Listed Company Manual Rule 303A.08 - 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The awards, which were previously announced, were made pursuant to a previously announced employment agreement between Mr. von Schuckmann and Sensata Technologies and as a material inducement to Mr. von Schuckmann joining Sensata Technologies as its CEO in January 2025. The awards of PRSUs cover 20,073 and 130,475 of Sensata Technologies\u2019 ordinary shares, respectively. 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