Company: ST
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001477294-25-000059
Chunk: 101

Company: Sensata Technologies Holding plc
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 101
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 stock units (PRSUs) and time-based restricted stock units (RSUs), but market value stock options, performance-based stock options, stock appreciation rights, restricted securities, and cash-based awards can also be granted under the 2021 Equity Incentive Plan. The Committee regularly reviews the mix of annual LTI program awards made to Executive Directors compared to market information and has discretion to revise the mix from year-to-year.

• Stock Options . Generally vest ratably in equal installments across four years.

• RSUs . Generally vest ratably in equal installments across three years, beginning on the first anniversary of the grant date, and are not subject to performance conditions.

• PRSUs . Generally have a three-year performance period and vest on the third anniversary of the grant date, subject to achievement of pre-established performance targets. Annually, the Committee, in its absolute discretion, establishes threshold, target and maximum performance metrics to align with the Company’s operating and strategic priorities for the upcoming performance period, which is typically three years.

Future awards may be subject to different performance measurement periods, including looking at it on an aggregate or final year assessment basis. Different performance vesting conditions may be set for future awards, including measures based on financial or non-financial metrics linked to corporate, strategic, divisional, team and/or individual performance. Details of the measures, weightings, and targets applicable to the Annual LTI program for each year, including a description of how they were chosen and whether they were met, will be disclosed retrospectively in the annual report on Director Remuneration for the following year, subject to commercial sensitivity.

Awards may be settled in cash or shares or other equity instruments at the discretion of the Committee. Where performance conditions apply, no more than 50% of the target award will vest at threshold.

| Compensation Component                                                         |     | Maximum Opportunity                                                                                                            |     | Recovery or Withholding                                                                                                                                                                                                                                                                 |
| Equity Based Awards—Special Circumstances under the 2021 Equity Incentive Plan |     | In exceptional circumstances, such as but not limited to                                                                       
 where awards are used to facilitate the recruitment,                                                                           
 retention, inducement and special achievement of certain                                                                       
 individuals, the target may be determined at the                                                                               
 Committee’s discretion. Grant-date fair value not to exceed 20 times annual base salary calculated in accordance with ASC 718. 
 For maximum performance, up to 3 times the original number of shares granted may vest.                                         
 In addition, participants may also receive