Gentherm (THRM) director Heinzmann granted 4,292 restricted shares as board compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Heinzmann David W reported acquisition or exercise transactions in this Form 4 filing.
Gentherm Inc director David W. Heinzmann received a grant of 4,292 shares of Restricted Common Stock as compensation for serving on the company’s Board of Directors. The award was issued on May 14, 2026 under Gentherm’s 2023 Equity Incentive Plan at no cash cost per share.
Following this equity grant, Heinzmann directly holds a total of 21,365 shares of Gentherm common stock. This filing reflects a routine, compensation-related stock award rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Heinzmann David W
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,292 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 21,365 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock grant: 4,292 shares
Grant price: $0.0000 per share
Holdings after grant: 21,365 shares
+2 more
5 metrics
Restricted stock grant
4,292 shares
Restricted Common Stock awarded May 14, 2026
Grant price
$0.0000 per share
Non-cash compensation grant price
Holdings after grant
21,365 shares
Total Gentherm common stock directly held after transaction
Transaction code
A
Grant, award, or other acquisition of common stock
Transaction direction
acquire
Form 4 reports an acquisition, not a sale
Key Terms
Restricted Common Stock, 2023 Equity Incentive Plan, Grant, award, or other acquisition, Board of Directors
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 regulatory
"transaction_code_description": "Grant, award, or other acquisition""
Board of Directors financial
"granted to the Reporting Person as compensation for serving on the Gentherm Board of Directors"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What did Gentherm (THRM) director David W. Heinzmann report in this Form 4?
David W. Heinzmann reported receiving 4,292 shares of Restricted Common Stock as a grant. The shares were issued on May 14, 2026 as board compensation under Gentherm’s 2023 Equity Incentive Plan, rather than being bought in the open market.
What is the nature of the Gentherm (THRM) stock received by David W. Heinzmann?
The shares are Restricted Common Stock issued under Gentherm’s 2023 Equity Incentive Plan. As restricted stock, they are granted as compensation for Heinzmann’s role on the Board of Directors and typically vest according to plan terms described outside this filing.
Does this Gentherm (THRM) Form 4 show an insider buying or selling in the market?
This Form 4 does not show an open-market buy or sell. It reports an acquisition coded “A,” reflecting a grant or award of 4,292 Restricted Common Stock shares as compensation, not a discretionary market transaction by David W. Heinzmann.