Gentherm (THRM) director receives 4,292 restricted shares as board pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Meter Elizabeth reported acquisition or exercise transactions in this Form 4 filing.
Gentherm Inc director Elizabeth Meter reported an equity grant. She received 4,292 shares of Restricted Common Stock as compensation for serving on the Gentherm Board of Directors under the 2023 Equity Incentive Plan. Following this award, she directly holds a total of 19,664 shares of Gentherm common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Meter Elizabeth
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,292 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 19,664 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock grant: 4,292 shares
Holdings after transaction: 19,664 shares
Grant price per share: $0.00 per share
3 metrics
Restricted stock grant
4,292 shares
Restricted Common Stock awarded as board compensation
Holdings after transaction
19,664 shares
Total Gentherm common stock directly held by Elizabeth Meter
Grant price per share
$0.00 per share
Reported transaction price for the restricted stock grant
Key Terms
Restricted Common Stock, 2023 Equity Incentive Plan, Board of Directors
3 terms
Restricted Common Stock financial
"The shares represent Restricted Common Stock issued under the 2023 Equity Incentive Plan"
Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.
2023 Equity Incentive Plan financial
"issued under the 2023 Equity Incentive Plan that has been granted to the Reporting Person"
Board of Directors financial
"granted to the Reporting Person as compensation for serving on the Gentherm Board of Directors"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What did Gentherm (THRM) director Elizabeth Meter report on this Form 4?
Elizabeth Meter reported receiving 4,292 shares of Restricted Common Stock. The award was granted as compensation for her service on the Gentherm Board of Directors under the 2023 Equity Incentive Plan, and it increased her direct holdings to 19,664 shares.
Was the Gentherm (THRM) transaction an open-market purchase or a grant?
The transaction was a grant, not an open-market purchase. Elizabeth Meter received 4,292 shares of Restricted Common Stock as compensation for serving on Gentherm’s Board of Directors, with no price paid per share reported in the filing.
What plan governed the restricted stock award to Gentherm (THRM) director Elizabeth Meter?
The award was issued under Gentherm’s 2023 Equity Incentive Plan. The filing states that the 4,292 shares of Restricted Common Stock were granted as compensation for Elizabeth Meter’s service on the Gentherm Board of Directors pursuant to this plan.
What type of security did Gentherm (THRM) grant to director Elizabeth Meter?
Gentherm granted Restricted Common Stock to Elizabeth Meter. Specifically, she received 4,292 shares of Restricted Common Stock as a board compensation award, increasing her total direct holdings in Gentherm common stock to 19,664 shares after the transaction.