Thomas N. Cerovski - May 16, 2022 Form 4 Insider Report for Thermon Group Holdings, Inc. (THR)

Signature
/s/ Ryan Tarkington, Attorney-in-Fact
Stock symbol
THR
Transactions as of
May 16, 2022
Transactions value $
-$10,345
Form type
4
Date filed
5/18/2022, 04:01 PM
Previous filing
Feb 2, 2022
Next filing
Jun 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction THR Common Stock Award $0 +3.08K +16.71% $0.00 21.5K May 16, 2022 Direct F1
transaction THR Common Stock Tax liability -$10.3K -692 -3.22% $14.95 20.8K May 16, 2022 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 1, 2019, the reporting person was granted a performance unit award vesting on March 31, 2022, subject to the Issuer's compensation committee certifying certain relative total shareholder return performance during the applicable performance period as further specified in the equity award agreement. Of the 2,465 target shares eligible to be earned based upon the Issuer's performance for the performance period ended March 31, 2022, the reporting person actually earned 125%, or 3,081 shares. The Issuer's compensation committee certified the achievement of the performance goal on May 16, 2022.
F2 These shares were surrendered for tax payment upon the release of shares in satisfaction of performance stock units.
F3 Sales price is the fair market value on Monday, May 16, 2022.
F4 Includes 10,336 restricted stock units held by the reporting person.