Gentherm (THRM) SVP awarded 7,665 RSUs vesting annually through 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gentherm Inc reported that SVP and General Counsel Wayne S. Kauffman III acquired 7,665 shares of common stock through a grant of Restricted Stock Units under the 2023 Equity Incentive Plan. These RSUs vest in three equal portions on March 17, 2027, March 17, 2028, and March 17, 2029. After this award, Kauffman directly holds 30,925 shares of Gentherm common stock. This is a compensation-related equity grant rather than an open-market share purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kauffman Wayne S III
Role
SVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,665 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 30,925 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Gentherm (THRM) report for Wayne S. Kauffman III?
Gentherm reported that SVP and General Counsel Wayne S. Kauffman III received a grant of 7,665 Restricted Stock Units. The award was made under the 2023 Equity Incentive Plan and represents a compensation-related equity grant, not an open-market share purchase.
What is the vesting schedule for the 7,665 Restricted Stock Units at Gentherm (THRM)?
The 7,665 Restricted Stock Units vest in three equal portions. One-third vests on March 17, 2027, another third on March 17, 2028, and the final third on March 17, 2029, aligning the executive’s compensation with longer-term company performance.
Was the Gentherm (THRM) insider transaction an open-market purchase or a compensation grant?
The transaction was a compensation grant, not an open-market purchase. The 7,665 shares were issued as Restricted Stock Units under Gentherm’s 2023 Equity Incentive Plan, classified as a grant, award, or other acquisition in the insider reporting code A.
Which Gentherm (THRM) equity plan governed the Restricted Stock Unit grant to the SVP?
The Restricted Stock Unit grant to the SVP and General Counsel was issued under Gentherm’s 2023 Equity Incentive Plan. This plan provides for equity-based awards, such as RSUs, to align executive compensation with the company’s long-term performance and shareholder interests.