Gentherm SVP has shares withheld for taxes
Gentherm Inc senior executive Thomas Stocker reported routine tax-related share dispositions.
Rhea-AI Filing Summary
Gentherm Inc senior executive Thomas Stocker reported routine tax-related share dispositions. On March 14 and March 15, a total of 2,852 shares of common stock were withheld at $27.82 per share to cover tax obligations by delivering shares. After these non-market transactions, he directly holds 17,786 Gentherm shares, indicating he retains a meaningful equity position in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 2,852 shares
Exercise Price or Tax Liability
2 txns
Insider
Stocker Thomas
Role
SVP, General Manager, Europe
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,014 | $27.82 | $28K |
| Exercise Price or Tax Liability | Common Stock | 1,838 | $27.82 | $51K |
Holdings After Transaction:
Common Stock — 17,786 shares (Direct)
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Gentherm (THRM) report for Thomas Stocker?
Gentherm reported that executive Thomas Stocker had shares withheld to cover tax obligations. Two Form 4 transactions show a total of 2,852 common shares delivered to satisfy taxes, rather than open-market sales, while he continues to hold a sizable share position.
Does the Gentherm (THRM) Form 4 show open-market selling by Thomas Stocker?
No, the Form 4 does not show open-market sales. Both entries use transaction code F, indicating shares were disposed of to pay tax liabilities by delivering securities, a routine administrative mechanism rather than a discretionary sale into the market.
What does transaction code F mean in the Gentherm (THRM) Form 4 filing?
Transaction code F indicates a tax-withholding disposition. In this Gentherm filing, it means shares were delivered back to the issuer to pay exercise price or tax liabilities, distinguishing the events from voluntary open-market purchases or sales of common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.