Matteo Anversa - Mar 22, 2023 Form 4 Insider Report for GENTHERM Inc (THRM)

Signature
/s/ Stephanie Swan, by Power of Attorney
Stock symbol
THRM
Transactions as of
Mar 22, 2023
Transactions value $
-$95,419
Form type
4
Date filed
3/24/2023, 04:06 PM
Previous filing
Mar 16, 2023
Next filing
Mar 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction THRM Common Stock Award $0 +3.69K +11.05% $0.00 37.1K Mar 22, 2023 Direct F1
transaction THRM Common Stock Tax liability -$95.4K -1.61K -4.34% $59.34 35.4K Mar 22, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 12, 2020, 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 March 12, 2023, the vesting period lapsed, and on March 22, 2023, the Compensation Committee determined that the PSUs were earned at the target performance level.