Equity award: Gentherm (THRM) VP granted 11,496 RSUs
Rhea-AI Filing Summary
Gentherm Inc reported that VP & General Manager Wang Chenglong received a grant of 11,496 shares of Common Stock as Restricted Stock Units under the 2023 Equity Incentive Plan. These RSUs vest in three equal parts on March 17, 2027, March 17, 2028, and March 17, 2029. After this equity award, Wang directly holds 16,965 shares of Gentherm common stock, reflecting a compensation-related acquisition rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,496 | $0.00 | -- |
Footnotes (1)
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FAQ
What does the Gentherm (THRM) Form 4 filing for Wang Chenglong report?
The filing reports a grant of 11,496 Restricted Stock Units to VP & General Manager Wang Chenglong. The award is compensation under Gentherm’s 2023 Equity Incentive Plan and is not an open-market share purchase or sale.
What type of transaction is disclosed in Gentherm (THRM) VP Wang Chenglong’s Form 4?
The transaction is coded “A” for a grant, award, or other acquisition, reflecting 11,496 Restricted Stock Units. It represents an equity compensation grant, not a market trade, and carries a zero dollar transaction price per share.
How do the Gentherm (THRM) RSUs granted to Wang Chenglong vest over time?
The 11,496 Restricted Stock Units vest in three equal portions. One-third vests on March 17, 2027, another third on March 17, 2028, and the final third on March 17, 2029, according to the Form 4 footnote.
Are the Gentherm (THRM) RSUs granted to Wang Chenglong a direct or indirect holding?
The Form 4 identifies Wang Chenglong’s ownership as direct, coded “D” for direct ownership. The award is granted personally to him under Gentherm’s 2023 Equity Incentive Plan, with no intermediary entity noted in the filing.