Gentherm (THRM) CEO Presley delivers 5,083 shares to cover tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gentherm Inc President & CEO William T. Presley reported a routine tax-related share disposition. On 2026-03-14, 5,083 shares of common stock were transferred at $27.82 per share to cover tax obligations by delivering securities, not through an open-market sale. After this transaction, he directly holds 138,084 common shares, indicating he retains a substantial equity position in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Presley William T.
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,083 | $27.82 | $141K |
Holdings After Transaction:
Common Stock — 138,084 shares (Direct)
Footnotes (1)
FAQ
What did Gentherm (THRM) CEO William T. Presley report in this Form 4?
He reported a tax-withholding share disposition of 5,083 Gentherm common shares. The shares were delivered at $27.82 per share to satisfy tax obligations, rather than being sold in the open market.
Was the Gentherm (THRM) CEO’s Form 4 transaction an open-market stock sale?
No. The transaction is coded “F”, indicating payment of a tax liability by delivering securities. This means shares were withheld or delivered for taxes, not sold through an open-market trade on an exchange.
What does transaction code “F” mean in the Gentherm (THRM) CEO’s Form 4?
Code “F” signifies a tax-withholding disposition, where shares are delivered to cover an exercise price or tax liability. It is considered a mechanistic, non-market event rather than a discretionary share sale decision.