Gentherm (THRM) director receives 4,292 restricted shares as board pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Desormiere Sophie reported acquisition or exercise transactions in this Form 4 filing.
Gentherm Inc director Sophie Desormiere received a grant of 4,292 shares of restricted common stock as board compensation. The shares were issued at no cash cost under Gentherm’s 2023 Equity Incentive Plan and are recorded as compensation for her service on the Board of Directors. After this award, she directly holds 42,303 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Desormiere Sophie
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,292 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 42,303 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock grant: 4,292 shares
Grant price: $0.00 per share
Shares held after grant: 42,303 shares
3 metrics
Restricted stock grant
4,292 shares
Restricted Common Stock granted as board compensation on 2026-05-14
Grant price
$0.00 per share
Equity compensation award, not an open-market purchase
Shares held after grant
42,303 shares
Total direct Gentherm common stock holdings following the transaction
Key Terms
Restricted Common Stock, 2023 Equity Incentive Plan, Grant, award, or other acquisition, Common Stock
4 terms
Restricted Common Stock financial
"The shares represent Restricted Common Stock issued under the 2023 Equity Incentive Plan..."
Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.
2023 Equity Incentive Plan financial
"Restricted Common Stock issued under the 2023 Equity Incentive Plan that has been granted..."
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Gentherm (THRM) director Sophie Desormiere report?
Sophie Desormiere reported receiving 4,292 shares of Gentherm common stock as a grant. The award consists of restricted common stock issued as compensation for serving on the Board of Directors under the company’s 2023 Equity Incentive Plan.
Was Sophie Desormiere’s Gentherm (THRM) stock grant a market purchase or a compensation award?
The transaction was a compensation award, not a market purchase. The Form 4 shows code “A” for a grant or award, with a price of $0.00 per share, issued under Gentherm’s 2023 Equity Incentive Plan for board service.