Thomas N. Cerovski - May 14, 2024 Form 4 Insider Report for Thermon Group Holdings, Inc. (THR)

Role
SVP, Global Sales
Signature
/s/ Ryan Tarkington, Attorney-in-Fact
Stock symbol
THR
Transactions as of
May 14, 2024
Transactions value $
-$139,298
Form type
4
Date filed
5/16/2024, 03:37 PM
Previous filing
Jun 5, 2023
Next filing
Jun 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction THR Common Stock Award $0 +6.66K +19.99% $0.00 40K May 14, 2024 Direct F1
transaction THR Common Stock Award $0 +4.78K +11.95% $0.00 44.8K May 14, 2024 Direct F2
transaction THR Common Stock Tax liability -$139K -4.08K -9.11% $34.15 40.7K May 14, 2024 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 1, 2021, the reporting person was granted a performance unit award vesting on March 31, 2024, subject to the Issuer's compensation committee certifying the Issuer's adjusted earnings before interest, taxes, depreciation and amortization during the applicable performance period as further specified in the equity award agreement. Of the 4,924 target shares eligible to be earned based upon the Issuer's performance for the performance period ended March 31, 2024, the reporting person actually earned approximately 135%, or 6,662 shares. The Issuer's compensation committee certified the achievement of the performance goal on May 14, 2024.
F2 On June 1, 2021, the reporting person was granted a performance unit award vesting on March 31, 2024, subject to the Issuer's compensation committee certifying the Issuer's relative total shareholder return during the applicable performance period as further specified in the equity award agreement. Of the 2,972 target shares eligible to be earned based upon the Issuer's performance for the performance period ended March 31, 2024, the reporting person actually earned approximately 161%, or 4,781 shares. The Issuer's compensation committee certified the achievement of the performance goal on May 14, 2024.
F3 These shares were surrendered for tax payment upon the release of shares in satisfaction of performance stock units following certification by the Issuer's compensation committee of the achievement of the performance goal specified in the applicable equity award agreement on May 14, 2024.
F4 Sales price is the fair market value on Tuesday, May 14, 2024.
F5 Includes 9,279 restricted stock units held by the reporting person.