Bruce Thames - 17 May 2023 Form 4 Insider Report for Thermon Group Holdings, Inc. (THR)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
19 May 2023, 20:38:36 UTC
Prior SEC filing
15 Jun 2022
Next SEC filing
05 Jun 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Ryan Tarkington, Attorney-in-Fact

Key filing fact

Bruce Thames filed Form 4 for Thermon Group Holdings, Inc. (THR) on 19 May 2023.

Key facts

  • This page summarizes Bruce Thames's Form 4 filing for Thermon Group Holdings, Inc. (THR).
  • 4 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 19 May 2023, 20:38.

Change

  • Previous filing in this sequence was filed on 15 Jun 2022.
  • Current net transaction value: -$342,804.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

THR transaction

Common Stock

Award

Transaction value
$0
Shares
+34,386
Change %
+16%
Price
$0.000000
Shares after
243,653
Date
17 May 2023
Ownership
Direct
Footnotes
F1
THR transaction

Common Stock

Tax liability

Transaction value
$241,908
Shares
-11,283
Change %
-4.6%
Price
$21.44
Shares after
232,370
Date
17 May 2023
Ownership
Direct
Footnotes
F2, F3
THR transaction

Common Stock

Award

Transaction value
$0
Shares
+19,328
Change %
+8.3%
Price
$0.000000
Shares after
251,698
Date
17 May 2023
Ownership
Direct
Footnotes
F4
THR transaction

Common Stock

Tax liability

Transaction value
$100,897
Shares
-4,706
Change %
-1.9%
Price
$21.44
Shares after
246,992
Date
17 May 2023
Ownership
Direct
Footnotes
F2, F3, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

On June 1, 2020, the reporting person was granted a performance unit award vesting on March 31, 2023, subject to the Issuer's compensation committee certifying certain adjusted earnings before interest, taxes, depreciation and amortization during the applicable performance period as further specified in the equity award agreement. Of the 21,242 target shares eligible to be earned based upon the Issuer's performance for the performance period ended March 31, 2023, the reporting person actually earned 162%, or 34,386 shares. The Issuer's compensation committee certified the achievement of the performance goal on May 17, 2023.

Footnote F2

These shares were surrendered for tax payment upon the release of shares in satisfaction of performance stock units.

Footnote F3

Sales price is the fair market value on Wednesday, May 17, 2023.

Footnote F4

On June 1, 2020, the reporting person was granted a performance unit award vesting on March 31, 2023, 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 18,284 target shares eligible to be earned based upon the Issuer's performance for the performance period ended March 31, 2023, the reporting person actually earned 106%, or 19,328 shares. The Issuer's compensation committee certified the achievement of the performance goal on May 17, 2023.

Footnote F5

Includes 57,237 restricted stock units held by the reporting person.

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