Company: ST
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001477294-25-000119
Chunk: 87

Company: Sensata Technologies Holding plc
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 8
Chunk 87
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 of the 2H 2024 Plan, we expect to incur restructuring charges of between $15.5 million and $16.5 million, primarily related to reductions-in-force. The majority of the actions under the 2H 2024 Plan are expected to be completed on or before December 31, 2025. We expect to settle these charges with cash on hand.Q3 2023 PlanIn the year ended December 31, 2023, we committed to a plan to reorganize our business (the “Q3 2023 Plan”). The Q3 2023 Plan, consisting of voluntary and involuntary reductions-in-force, site closures, and other cost-savings initiatives, was commenced to adjust our cost structure and business activities.The reductions-in-force, which are subject to the laws and regulations of the countries in which the actions were executed or planned, impacted 505 positions. Over the life of the Q3 2023 Plan, we expect to incur restructuring charges of between $26.7 million and $27.6 million, primarily related to reductions-in-force. The majority of the actions under the Q3 2023 Plan are expected to be completed on or before December 31, 2025. We expect to settle these charges with cash on hand.SummaryThe following table presents the components of restructuring and other charges, net for the three and six months ended June 30, 2025, and 2024:For the three months endedFor the six months endedJune 30, 2025June 30, 2024June 30, 2025June 30, 20242H 2024 Plan, net $1,307 $— $3,761 $— Q3 2023 Plan, net1,884 (303)2,802 295 Other restructuring and other charges, netSeverance charges, net 1,262 2,464 1,182 2,455 Facility and other exit costs— 32 — 200 Loss on sale of business — — 4,420 — Acquisition-related compensation arrangements (1)— 955 — 1,910 Other2,159 343 1,427 (587)Restructuring and other charges, net$6,612 $3,491 $13,592 $4,273 ___________________________________(1)      Acquisition-related compensation arrangements consist of incentive