Gentherm (THRM) CEO granted 40,230 RSUs under 2023 equity plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Presley William T. reported acquisition or exercise transactions in this Form 4 filing.
Gentherm Inc President and CEO William T. Presley received a grant of 40,230 shares of Common Stock in the form of Restricted Stock Units under the 2023 Equity Incentive Plan. These RSUs were awarded at no cash purchase price as part of his equity compensation.
The units vest in three equal installments: one-third on March 17, 2027, one-third on March 17, 2028, and one-third on March 17, 2029, aligning his incentives with longer-term company performance. After this award, Presley holds 178,314 shares of Gentherm common stock directly.
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 |
|---|---|---|---|---|
| Grant/Award | Common Stock | 40,230 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 178,314 shares (Direct)
Footnotes (1)
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FAQ
What did Gentherm (THRM) CEO William T. Presley report in this Form 4?
William T. Presley reported receiving 40,230 Restricted Stock Units of Gentherm common stock. The grant was made under the 2023 Equity Incentive Plan as equity compensation and did not involve an open-market purchase or sale of shares for cash.
How do the CEO’s Gentherm (THRM) Restricted Stock Units vest?
The 40,230 Restricted Stock Units vest in three equal portions over time. One-third vests on March 17, 2027, another third on March 17, 2028, and the final third on March 17, 2029, supporting long-term retention and alignment.
Was the Gentherm (THRM) CEO’s Form 4 transaction a market purchase or sale?
The transaction was not a market purchase or sale. It was a grant of 40,230 Restricted Stock Units at a price of $0.00 per share, awarded as compensation under Gentherm’s 2023 Equity Incentive Plan rather than through open-market trading.
Under which plan were the Gentherm (THRM) CEO’s new RSUs granted?
The 40,230 Restricted Stock Units reported by William T. Presley were issued under Gentherm’s 2023 Equity Incentive Plan. This plan provides equity-based compensation intended to align executives’ interests with the company’s long-term performance and shareholder value.