Gentherm (THRM) director Kenneth Washington receives 4,292 restricted shares grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Washington Kenneth E reported acquisition or exercise transactions in this Form 4 filing.
Gentherm Inc director Kenneth E. Washington received a grant of 4,292 shares of Restricted Common Stock as compensation for serving on the company’s Board of Directors. The award was issued under Gentherm’s 2023 Equity Incentive Plan and increased his direct holdings to 15,257 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Washington Kenneth E
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,292 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 15,257 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock grant: 4,292 shares
Post-transaction holdings: 15,257 shares
Grant price: $0.0000 per share
3 metrics
Restricted stock grant
4,292 shares
Restricted Common Stock granted as Board compensation
Post-transaction holdings
15,257 shares
Common stock directly owned after grant
Grant price
$0.0000 per share
Equity award, not an open-market purchase
Key Terms
Restricted Common Stock, 2023 Equity Incentive Plan, Grant, award, or other acquisition
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
"Restricted Common Stock issued under the 2023 Equity Incentive Plan that has been granted"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did Gentherm (THRM) report for Kenneth E. Washington?
Gentherm reported that director Kenneth E. Washington received a grant of 4,292 shares of Restricted Common Stock. The award was issued as compensation for his Board service under the company’s 2023 Equity Incentive Plan.
Under which plan did Gentherm (THRM) issue the Restricted Common Stock to Kenneth E. Washington?
The Restricted Common Stock was issued under Gentherm’s 2023 Equity Incentive Plan. The Form 4 footnote states that 4,292 shares were granted to Kenneth E. Washington as compensation for serving on the Gentherm Board of Directors.