Wayne S. Kauffman III - Jun 21, 2021 Form 4 Insider Report for GENTHERM Inc (THRM)

Role: SVP and General Counsel
Signature: /s/ Wayne Kauffman
Stock symbol: THRM
Transactions as of: Jun 21, 2021
Transactions value $: $0
Form type: 4
Date filed: 6/23/2021, 04:21 PM
Next filing: Jul 6, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	THRM	Common Stock	Award	$0	+1.3K	+11.73%	$0.00	12.4K	Jun 21, 2021	Direct	F1

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

Explanation of Responses:

Id	Content
F1	On August 17, 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 21, 2021, the Compensation Committee determined that the PSUs were earned at the maximum performance level. The earned shares will vest on August 17, 2021, subject to continuing employment on such vesting date.

Content

On August 17, 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 21, 2021, the Compensation Committee determined that the PSUs were earned at the maximum performance level. The earned shares will vest on August 17, 2021, subject to continuing employment on such vesting date.