Company: ST
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001477294-25-000059
Chunk: 28

Company: Sensata Technologies Holding plc
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 28
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 repurchased nearly 2 million shares in 2024 using approximately $69 million of cash. These capital deployment actions yielded an improvement in our return on invested capital, which increased to 10.2% for 2024 as compared to 9.7% in the prior year.

Based on our performance as described above, our eligible NEOs received the following payouts of performance-based compensation:

• Annual Incentive Bonus related to performance for fiscal year 2024 paid out at 50% of target for the NEOs, except Ms. Sullivan (see the Annual Incentive Bonus section below for more details on the payout calculations).

• PRSUs related to the performance period from January 1, 2022 to December 31, 2024 (the "2022 PRSUs") vested on April 1, 2024 at 60% of target for the NEOs who received the 2022 PRSU grant.

• The 2024 Annual Incentive Bonus for Ms. Sullivan in her role as Interim President & CEO paid out at 100% based on the terms of her employment agreement (details of Ms. Sullivan's compensation as Interim President and CEO are described in the section "Executive Transitions").

2024 Say on Pay Vote and Response to Shareholders' Feedback

We submitted our executive compensation program to an advisory vote of our shareholders at the 2024 Annual General Meeting of Shareholders, and it received overwhelming support of 96.8% of the votes cast. This is consistent with high advisory approval since 2015.

In support of good governance, we regularly engage in a dialogue with nearly all of our significant shareholders in order to understand their perspectives on our compensation program and other corporate governance topics. The Compensation Committee considers shareholder feedback as part of its annual assessment of the Company's executive compensation program and policies. The Compensation Committee reaffirmed the core structure of our executive compensation program in fiscal year 2024 based on strong shareholder support for our prior year say-on-pay vote with slight updates made to our Annual Incentive Bonus program for 2024 including removing the Performance Scorecard and replacing the Adjusted Operating Income metric with Adjusted Operating Income Margin. The Compensation Committee continues to monitor and consider shareholder feedback when making decisions involving executive compensation.

#### Executive Transitions
The Company saw several executive leadership changes during 2024 and into early 2025 following Jeffrey Cote’s retirement as President and CEO effective April 30, 2024. These leadership changes included:

• On April