Company: ST
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001477294-25-000059
Chunk: 30

Company: Sensata Technologies Holding plc
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 30
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. Mr. Cote also resigned from the Board effective April 30, 2024. In connection with his retirement, Mr. Cote was entitled to the retirement benefits payable in accordance with the existing terms of his employment agreement and applicable equity award agreements, including the forfeiture of 2024 RSUs and PRSUs, the continued vesting of other unvested RSUs, and the accelerated vesting of other PRSUs, based on actual performance for completed tranches and prorated vesting for uncompleted tranches. In addition, the Retirement and Release Agreement provides that Mr. Cote’s outstanding vested stock options remain exercisable for the duration of their existing term. In consideration for these retirement benefits, Mr. Cote agreed to a release of claims in favor of the Company and related parties and to comply with various restrictive covenants in his employment agreement and award agreements.

Compensation Arrangement for Martha Sullivan’s Service as Interim President & CEO

In her role as Interim President & CEO, Ms. Sullivan received an annual base salary of $1,050,000, an annual target cash bonus incentive of 135% of base salary ((i) prorated based on target performance in the event a successor commenced employment as permanent CEO before December 31, 2024 or (ii) determined in accordance with factors including, but not limited to, her individual performance, business unit performance, and Sensata’s performance as further detailed in the terms and conditions of the Annual Incentive Bonus program), an equity incentive award with a grant date fair value of $6 million (vesting in equal monthly installments over twelve months, while serving as Interim President and CEO 1 ), and eligibility to participate in employee benefits and perquisites generally made available to executive officers of the Company. Ms. Sullivan was not eligible for severance benefits and did not receive compensation for her service on the Board during her time as Interim President and CEO.

#### Retention Grants for Named Executive Officers
In April 2024, in consultation with our independent compensation consultant, Frederic W. Cook & Co., Inc. ("FW Cook"), the Compensation Committee granted executive retention awards to certain NEOs to incentivize our leadership team to stay with the Company during the CEO transition, to provide business continuity which the Compensation Committee determined was critical to maintaining and building shareholder value.

In determining the award amounts, the Compensation Committee considered several factors including the competitive market for talent and the importance of each NEO's contribution to the Company’s strategic transformation