Runyon Barbara J 4

What Happened
Barbara J. Runyon, Senior Vice President and Chief Human Resources Officer at Gentherm (THRM), had a total of 2,455 shares withheld to cover tax liabilities tied to equity award/option activity. On March 14, 2026, 1,563 shares were withheld at $27.82 per share for $43,483, and on March 15, 2026, 892 shares were withheld at $27.82 per share for $24,815 — a combined value of $68,298. These transactions were recorded as tax-withholding disposals (transaction code F), not open-market sales.

Key Details

• Transaction dates and prices:
  • 2026-03-14: 1,563 shares @ $27.82 = $43,483 (withheld for taxes)
  • 2026-03-15: 892 shares @ $27.82 = $24,815 (withheld for taxes)
• Total shares withheld: 2,455; total value: $68,298.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes/transaction codes: Code F = payment of exercise price or tax liability (shares withheld to satisfy taxes). Disposition reported, not an open-market sale.
• Filing: Form 4 filed March 17, 2026 (reporting period begins March 14, 2026). No late-filing indicator was provided in the supplied details.

Context
Withholding shares to cover taxes is a common, administrative step following option exercises or vesting of restricted stock units. It functions like a cashless settlement where the company retains shares rather than the insider selling shares on the open market. Such withholdings are routine and do not necessarily indicate the insider’s view on the company’s prospects; purchases or open-market buys are typically more informative about insider sentiment.