Gentherm (THRM) CTO receives 7,665 RSUs in multi-year stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sundaram Vishnu reported acquisition or exercise transactions in this Form 4 filing.
Gentherm Inc reported that SVP and Chief Technology Officer Vishnu Sundaram received a grant of 7,665 shares of Common Stock in the form of Restricted Stock Units under the 2023 Equity Incentive Plan. After this award, he holds 28,473 shares directly. The RSUs vest in three equal installments on March 17, 2027, March 17, 2028, and March 17, 2029, tying this compensation to multi‑year service and performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sundaram Vishnu
Role
SVP, Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,665 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 28,473 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did Gentherm (THRM) report for Vishnu Sundaram?
Gentherm reported that SVP and Chief Technology Officer Vishnu Sundaram received 7,665 Restricted Stock Units as an equity award. These RSUs represent Common Stock granted under the 2023 Equity Incentive Plan as part of his executive compensation package.
What are the vesting terms of the 7,665 RSUs granted by Gentherm (THRM)?
The 7,665 Restricted Stock Units vest in three equal portions over time. One-third vests on March 17, 2027, another third on March 17, 2028, and the final third on March 17, 2029, creating a multi-year retention and incentive schedule.
Is the Gentherm (THRM) Form 4 transaction a market purchase or sale?
The Form 4 reports a grant or award acquisition, not a market trade. The 7,665 shares are Restricted Stock Units issued at no purchase price as executive equity compensation, rather than shares bought or sold on the open market.
Under which plan were the new Gentherm (THRM) RSUs granted to the CTO?
The Restricted Stock Units were granted under Gentherm’s 2023 Equity Incentive Plan. This plan is used to provide stock-based compensation to executives and other participants, aligning their interests with long-term shareholder value through equity awards.