Ryan Tarkington - 14 May 2024 Form 4 Insider Report for Thermon Group Holdings, Inc. (THR)

Signature
/s/ Ryan Tarkington
Issuer symbol
THR
Transactions as of
14 May 2024
Net transactions value
-$79,296
Form type
4
Filing time
16 May 2024, 15:38:08 UTC
Previous filing
05 Jun 2023
Next filing
04 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction THR Common Stock Award $0 +3,331 +11% $0.000000 33,171 14 May 2024 Direct F1
transaction THR Common Stock Award $0 +2,390 +7.2% $0.000000 35,561 14 May 2024 Direct F2
transaction THR Common Stock Tax liability $79,296 -2,322 -6.5% $34.15 33,239 14 May 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 2,462 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 3,331 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 1,486 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 2,390 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 17,204 restricted stock units held by the reporting person.