Thermon CEO awarded shares, surrenders some for tax
Thermon Group Holdings, Inc. President & CEO Bruce Thames reported performance-based equity awards and related tax withholding in company stock.
Rhea-AI Filing Summary
Thermon Group Holdings, Inc. President & CEO Bruce Thames reported performance-based equity awards and related tax withholding in company stock. On May 12, 2026, he surrendered 19,331 common shares at a fair market value of $64.69 per share to cover taxes on vesting restricted stock units. The same day, he received two performance unit awards that vested based on multi‑year goals: 28,067 shares tied to return on invested capital and 21,069 shares tied to adjusted EBITDA performance. After these transactions, he directly owns 390,288 common shares, including 36,571 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Thames Bruce
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 28,067 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 21,069 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 19,331 | $64.69 | $1.25M |
Holdings After Transaction:
Common Stock — 390,288 shares (Direct)
Footnotes (5)
- F1. On June 1, 2023, the reporting person was granted a performance unit award vesting on March 31, 2026, subject to the Issuer's compensation committee certifying the Issuer's return on invested capital performance during the applicable performance period as further specified in the equity award agreement. Of the 17,157 target shares eligible to be earned based upon the Issuer's performance for the performance period ended March 31, 2026, the reporting person actually earned 163.60%, or 28,067 shares. The Issuer's compensation committee certified the achievement of the performance goal on May 12, 2026.
- F2. On June 1, 2023, the reporting person was granted a performance unit award vesting on March 31, 2026, 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 20,017 target shares eligible to be earned based upon the Issuer's performance for the performance period ended March 31, 2026, the reporting person actually earned 105.22%, or 21,069 shares. The Issuer's compensation committee certified the achievement of the performance goal on May 12, 2026.
- F3. These shares were surrendered for tax payment upon vesting of restricted stock units on May 12, 2026.
- F4. Sales price is the fair market value on Tuesday, May 12, 2026.
- F5. Includes 36,571 restricted stock units held by the reporting person.
Key Figures
Tax-withheld shares: 19,331 shares
Tax withholding price: $64.69 per share
ROIC performance shares: 28,067 shares
+3 more
6 metrics
Tax-withheld shares
19,331 shares
Surrendered for tax payment at $64.69 per share on May 12, 2026
Tax withholding price
$64.69 per share
Fair market value on Tuesday, May 12, 2026
ROIC performance shares
28,067 shares
Earned at 163.60% of 17,157 target shares for period ended March 31, 2026
Adjusted EBITDA performance shares
21,069 shares
Earned at 105.22% of 20,017 target shares for period ended March 31, 2026
Shares owned after transactions
388,550 shares
Direct common stock ownership following reported Form 4 transactions
Restricted stock units held
36,571 RSUs
Restricted stock units included in Bruce Thames’ holdings
Key Terms
performance unit award, return on invested capital, adjusted earnings before interest, taxes, depreciation and amortization, restricted stock units, +1 more
5 terms
performance unit award financial
"On June 1, 2023, the reporting person was granted a performance unit award vesting on March 31, 2026"
return on invested capital financial
"eligible to be earned based upon the Issuer's performance for the performance period ended March 31, 2026, the reporting person actually earned 163.60%"
A percentage that shows how effectively a company turns the money invested in its business—both borrowed funds and shareholders’ equity—into operating profit after taxes. It tells investors whether a company earns more from its core operations than it costs to fund those operations; think of it like the annual return you’d expect from renovating a rental property—higher percentages mean the company uses capital more efficiently and is more likely to create value for shareholders.
adjusted earnings before interest, taxes, depreciation and amortization financial
"subject to the Issuer's compensation committee certifying the Issuer's adjusted earnings before interest, taxes, depreciation and amortization during the applicable performance period"
Adjusted earnings before interest, taxes, depreciation and amortization is a company’s reported operating profit with routine financing costs, tax charges and accounting for wear-and-tear removed, plus extra adjustments to strip out one-time, unusual or non-cash items. Think of it as the company’s recurring cash-generating performance after removing accounting noise; investors use it to compare profitability, assess ability to pay debt and value a business more evenly across firms and time.
restricted stock units financial
"These shares were surrendered for tax payment upon vesting of restricted stock units on May 12, 2026."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
fair market value financial
"Sales price is the fair market value on Tuesday, May 12, 2026."
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Thermon (THR) CEO Bruce Thames report?
Bruce Thames reported performance-based share awards and related tax withholding. He received 28,067 and 21,069 common shares from vested performance unit awards and surrendered 19,331 shares at $64.69 each to pay taxes tied to restricted stock unit vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
