Gentherm (THRM) director Kummeth granted 4,292 restricted shares for board service
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kummeth Charles R. reported acquisition or exercise transactions in this Form 4 filing.
Gentherm Inc director Charles R. Kummeth received a grant of 4,292 shares of Common Stock as compensation for board service. The shares are restricted stock issued under the 2023 Equity Incentive Plan and were awarded at no cash cost per share. Following this grant, Kummeth directly holds 25,937 shares of Gentherm Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kummeth Charles R.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,292 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 25,937 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock grant: 4,292 shares
Grant price per share: $0.0000 per share
Post-transaction holdings: 25,937 shares
3 metrics
Restricted stock grant
4,292 shares
Restricted Common Stock awarded as board compensation
Grant price per share
$0.0000 per share
Reported transaction price on award
Post-transaction holdings
25,937 shares
Common Stock directly held after grant
Key Terms
Restricted Common Stock, 2023 Equity Incentive Plan, Form 4, Grant, award, or other acquisition
4 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
"Restricted Common Stock issued under the 2023 Equity Incentive Plan that has been granted"
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did Gentherm (THRM) director Charles Kummeth report?
Charles R. Kummeth reported receiving a grant of 4,292 shares of Gentherm Common Stock. The award was made as compensation for serving on the board and was structured as restricted stock under the company’s 2023 Equity Incentive Plan.
Was the Gentherm (THRM) insider transaction an open-market purchase or a stock grant?
The transaction was a stock grant, not an open-market purchase. Kummeth received 4,292 shares of restricted Common Stock at no stated cash price, as compensation for his role on Gentherm’s board of directors.
What plan governed the restricted stock grant to Gentherm (THRM) director Charles Kummeth?
The restricted stock grant was issued under Gentherm’s 2023 Equity Incentive Plan. The 4,292 restricted Common Stock shares were granted to Charles R. Kummeth specifically as compensation for his service on the company’s Board of Directors.