Paul Cameron Giberson - 21 Jun 2021 Form 4 Insider Report for GENTHERM Inc (THRM)

Role: SVP Global Sales
Signature: /s/ Paul Cameron Giberson
Issuer symbol: THRM
Transactions as of: 21 Jun 2021
Net transactions value: -$191,404
Form type: 4
Filing time: 23 Jun 2021, 16:15:16 UTC
Previous filing: 14 Jun 2021
Next filing: 04 Aug 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	THRM	Common Stock	Award	$0	+6,604	+95%	$0.000000	13,589	21 Jun 2021	Direct	F1
transaction	THRM	Common Stock	Tax liability	$191,404	-2,816	-21%	$67.97	10,773	21 Jun 2021	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On June 11, 2018, the Reporting Person was granted performance-based Restricted Stock Units (PSUs) under the 2013 Equity Incentive Plan. The PSUs are earned at 0% - 200% of the target grant award based on the Issuer's three-year total shareholder return ("TSR") relative to a peer group and vest on the later of the date the Compensation Committee determines that the PSUs are earned and the third anniversary of the grant date. On June 11, 2021, the vesting period lapsed, and on June 21, 2021, the Compensation Committee determined that the PSUs were earned at the maximum performance level.

Content

On June 11, 2018, the Reporting Person was granted performance-based Restricted Stock Units (PSUs) under the 2013 Equity Incentive Plan. The PSUs are earned at 0% - 200% of the target grant award based on the Issuer's three-year total shareholder return ("TSR") relative to a peer group and vest on the later of the date the Compensation Committee determines that the PSUs are earned and the third anniversary of the grant date. On June 11, 2021, the vesting period lapsed, and on June 21, 2021, the Compensation Committee determined that the PSUs were earned at the maximum performance level.