Gentherm (THRM) SVP Stocker has 2,852 shares withheld for tax obligations
Filing Impact
Filing Sentiment
Form Type
4
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
2 transactions reported
Mixed
2 txns
Insider
Stocker Thomas
Role
SVP, General Manager, Europe
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,014 | $27.82 | $28K |
| Tax Withholding | Common Stock | 1,838 | $27.82 | $51K |
Holdings After Transaction:
Common Stock — 17,786 shares (Direct)
Footnotes (1)
FAQ
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.