Company: ST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001477294-25-000067
Chunk: 56

Company: Sensata Technologies Holding plc
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 56
---
 38,914 — 38,914 — 38,071 — 38,071 Aerospace— 47,249 — 47,249 — 46,153 — 46,153 Other — — — — — — 35,552 35,552 Total$650,416 $260,839 $— $911,255 $713,318 $257,839 $35,552 $1,006,709 

4. Share-Based Payment Plans

The following table presents the components of non-cash compensation expense related to our equity awards for the three months ended March 31, 2025 and 2024: For the three months ended March 31, 2025March 31, 2024Restricted securities 6,851 8,133 Share-based compensation expense$6,851 $8,133 Equity AwardsWe granted the following restricted stock units ("RSUs" and each, an "RSU") during the three months ended March 31, 2025:Awards Granted To:Type of AwardNumber of Units Granted (in thousands)Weighted Average Grant Date Fair ValueVarious executives and employeesRSU (1)128$27.39 ____________________________________(1)    These RSUs vest ratably over three years, one-third per year beginning on the first anniversary of the grant date. These RSUs will fully vest on various dates between January 2028 and February 2028.

5. Restructuring and Other Charges, Net

2H 2024 PlanIn the year ended December 31, 2024, we committed to a plan to reorganize our business (the “2H 2024 Plan”). The 2H 2024 Plan, consisting of involuntary reductions-in-force, site closures, and other cost-savings initiatives, was commenced to adjust our cost structure and business activities to better align with weaker market demand and continued economic uncertainty in many of our end markets and to take active measures to accelerate our margin recovery.The reductions-in-force, which are subject to the laws and regulations of the countries in which the actions were executed or planned, are expected to impact approximately 240 positions. Over the life of the 2H 2024 Plan, we expect to incur restructuring charges of between $14.2 million and $16.0 million, primarily related to reductions-in-force