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

Role
President & CEO, Director
Signature
/s/ Ryan Tarkington, Attorney-in-Fact
Stock symbol
THR
Transactions as of
May 14, 2024
Transactions value $
-$799,725
Form type
4
Date filed
5/16/2024, 03:38 PM
Previous filing
Feb 6, 2024
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 +34.7K +13.42% $0.00 293K May 14, 2024 Direct F1
transaction THR Common Stock Award $0 +24.9K +8.49% $0.00 318K May 14, 2024 Direct F2
transaction THR Common Stock Tax liability -$800K -23.4K -7.37% $34.15 294K 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 25,604 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 34,650 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 15,457 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 24,865 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 48,249 restricted stock units held by the reporting person.