Wayne S. Kauffman III - Mar 22, 2023 Form 4 Insider Report for GENTHERM Inc (THRM)

Role: SVP and General Counsel
Signature: /s/ Stephanie Swan, by Power of Attorney
Stock symbol: THRM
Transactions as of: Mar 22, 2023
Transactions value $: -$50,083
Form type: 4
Date filed: 3/24/2023, 04:29 PM
Previous filing: Mar 16, 2023
Next filing: Aug 28, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	THRM	Common Stock	Award	$0	+2.95K	+21.54%	$0.00	16.6K	Mar 22, 2023	Direct	F1
transaction	THRM	Common Stock	Tax liability	-$50.1K	-844	-5.07%	$59.34	15.8K	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.

Content

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.