Gentherm (THRM) CAO receives 1,599-share RSU grant, total holdings 5,538
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nicholas Breisacher reported acquisition or exercise transactions in this Form 4 filing.
Gentherm Inc reported that Chief Accounting Officer Nicholas Breisacher received a grant of 1,599 shares of Common Stock as a restricted stock unit award. The grant was issued at no purchase price and increases his direct holdings to 5,538 shares.
The footnote explains that these shares are Restricted Stock Units granted under the 2023 Equity Incentive Plan. They vest in three equal portions: one-third on March 17, 2027, one-third on March 17, 2028, and one-third on March 17, 2029, linking the award to multi‑year service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nicholas Breisacher
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,599 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 5,538 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Gentherm (THRM) report for Nicholas Breisacher?
Gentherm reported that Chief Accounting Officer Nicholas Breisacher received a grant of 1,599 shares of Common Stock as Restricted Stock Units. The award was issued at no purchase price and represents a compensation-related equity grant rather than an open-market share purchase or sale.
What type of award is disclosed for Gentherm (THRM) in this Form 4?
The filing discloses a grant of Restricted Stock Units representing 1,599 shares of Gentherm Common Stock. These RSUs were granted under the 2023 Equity Incentive Plan as a compensation award to the Chief Accounting Officer, with no cash paid per share at the time of grant.
When do Nicholas Breisacher’s Gentherm (THRM) RSUs vest?
The 1,599 Restricted Stock Units vest in three equal installments. One-third vests on March 17, 2027, another third on March 17, 2028, and the final third on March 17, 2029. This creates a multi‑year vesting schedule tied to continued service with Gentherm.
Was this Gentherm (THRM) insider transaction an open-market purchase?
No, the transaction was not an open-market purchase. It was categorized as a grant, award, or other acquisition of 1,599 Restricted Stock Units under Gentherm’s 2023 Equity Incentive Plan, with a transaction price of $0.00 per share, reflecting equity compensation rather than market buying.