Gentherm (THRM) VP granted 266 shares as performance-based equity award

Rhea-AI Filing Summary

Gentherm Inc VP & General Manager Chenglong Wang reported an equity compensation transaction. He acquired 266 shares of common stock at no cost through the vesting of previously granted performance-based restricted stock units. Following this grant, he directly holds 17,231 common shares.

The vested units relate to awards granted on March 14, 2023, that depended on three-year results through 2025. The Compensation and Talent Committee determined that Adjusted EBITDA units were earned at 69.15% of target and ROIC units at 63.44%, resulting in a total payout equal to 40.35% of the original performance-based units.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Wang Chenglong

Role VP & General Manager

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	266	$0.00	--

Holdings After Transaction: Common Stock — 17,231 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Wang Chenglong

(Last) (First) (Middle)

28875 CABOT DRIVE

(Street)

NOVI MICHIGAN 48377

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Gentherm Inc [ THRM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP & General Manager

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/23/2026		A		266(1)	A	$0	17,231	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On March 14, 2023, the Reporting Person was granted performance-based restricted stock units (PSUs) under the 2013 Equity Incentive Plan. A portion of such PSUs are earned at 0% - 200% of the target grant award based on the Issuer's three-year cumulative adjusted EBITDA measured in 2025 (Adjusted EBITDA PSUs), and a portion of such PSUs are earned at 0% - 200% of the target grant award based on the Issuer's return on invested capital measured in 2025 (ROIC PSUs). The PSUs vest on the later of the date the Compensation and Talent Committee determines that the PSUs are earned and the third anniversary of the grant date. On March 14, 2026, the vesting period lapsed, and on March 23, 2026, the Compensation and Talent Committee determined that the Adjusted EBITDA PSUs were earned at 69.15% of the target performance level, and the ROIC PSUs were earned at 63.44% of the target performance level, which reflects a total payout of 40.35% of the PSUs granted on March 14, 2023.

	/s/ Stephanie Swan, by Power of Attorney	03/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Gentherm (THRM) report for Chenglong Wang?

Gentherm reported that VP & General Manager Chenglong Wang acquired 266 shares of common stock as an equity award. The shares came from vesting of previously granted performance-based restricted stock units, rather than an open-market purchase, and were issued at no purchase price.

How many Gentherm (THRM) shares does Chenglong Wang hold after this Form 4?

After the reported transaction, Chenglong Wang directly holds 17,231 shares of Gentherm common stock. This figure reflects his updated ownership following the vesting and share issuance of 266 performance-based restricted stock units reported in the Form 4 filing.

What performance metrics determined Chenglong Wang’s PSU vesting at Gentherm (THRM)?

The performance-based restricted stock units vesting was tied to Gentherm’s three-year cumulative adjusted EBITDA and return on invested capital measured in 2025. Adjusted EBITDA PSUs were earned at 69.15% of target and ROIC PSUs at 63.44%, forming the basis for the payout.

What percentage of Chenglong Wang’s 2023 PSUs ultimately paid out at Gentherm (THRM)?

The Compensation and Talent Committee determined that Chenglong Wang’s performance-based restricted stock units granted on March 14, 2023, paid out at 40.35% of the original grant. This payout percentage reflects the combined results of the Adjusted EBITDA and ROIC performance metrics measured for 2025.

Was Chenglong Wang’s Gentherm (THRM) transaction an open-market buy or a compensation grant?

The transaction was a compensation-related acquisition, not an open-market purchase. Chenglong Wang received 266 Gentherm common shares at a price of $0.00 per share upon vesting of performance-based restricted stock units granted under the company’s 2013 Equity Incentive Plan.