Gentherm (THRM) SVP withholds 2,401 shares to cover tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gentherm Inc senior vice president and general counsel Wayne S. Kauffman III reported routine share withholdings to cover tax obligations on vested equity awards. On March 14, 2026, 1,527 shares of common stock were withheld at $27.82 per share, followed by 874 shares withheld at the same price on March 15, 2026. These Form 4 entries are coded as tax-withholding dispositions, not open-market sales, and reflect administrative settlement of tax liabilities. After these transactions, Kauffman directly holds 23,260 shares of Gentherm common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kauffman Wayne S III
Role
SVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 874 | $27.82 | $24K |
| Tax Withholding | Common Stock | 1,527 | $27.82 | $42K |
Holdings After Transaction:
Common Stock — 23,260 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did Gentherm (THRM) report for Wayne S. Kauffman III?
Gentherm reported that SVP and general counsel Wayne S. Kauffman III had company shares withheld to cover tax obligations on equity compensation, totaling 2,401 common shares, recorded as tax-withholding dispositions rather than open-market sales.
Are the Gentherm (THRM) Form 4 transactions open-market sales?
No, these transactions are not open-market sales. They are coded as tax-withholding dispositions, meaning shares were delivered back to satisfy tax liabilities on vested equity rather than sold on the open market.
What is Wayne S. Kauffman III’s role at Gentherm (THRM)?
Wayne S. Kauffman III serves as senior vice president and general counsel at Gentherm. As an executive officer, his equity transactions in Gentherm common stock must be reported on Form 4, providing transparency into compensation-related share movements.
What transaction code appears in Gentherm (THRM) executive’s Form 4?
The transactions use code “F,” indicating payment of a tax liability or exercise price by delivering securities. This code confirms the events are tax-withholding dispositions related to equity compensation, not discretionary purchases or sales in the open market.