Stocker Thomas 4

4 · Gentherm Inc · Filed Mar 25, 2026

AI-generated summary of this filing

Updated Mar 26, 2026

Gentherm (THRM) President Thomas Stocker Receives Award, Sells Shares

What Happened

Thomas Stocker, President of Gentherm Inc. (THRM), received 2,474 shares on March 23, 2026 as the vesting payout of performance-based restricted stock units (PSUs). The award shows an acquisition price of $0.00. To cover tax withholding, 1,115 of those shares were surrendered/disposed at $28.64 per share for a total withholding value of $31,934.
This was not an open-market purchase or sale for investment purposes: the A code indicates an award/grant, and the F code reflects shares withheld to satisfy tax obligations.

Key Details

Transaction date: March 23, 2026 (Form 4 filed March 25, 2026 — appears timely).
Award: 2,474 shares granted (acquired at $0.00).
Tax withholding: 1,115 shares disposed at $28.64 each, totaling $31,934.
Shares owned after transaction: not specified in the provided filing excerpt.
Footnote: The PSUs were originally granted March 14, 2023. Payout was determined on March 23, 2026 after the Compensation and Talent Committee certified results — Adjusted EBITDA PSUs earned at 69.15% and ROIC PSUs at 63.44, yielding an overall payout of 40.35% of the original grant.
Transaction codes: A = award/grant; F = shares withheld/used to satisfy tax withholding.

Context

This was a vesting of performance-based equity, not a discretionary buy or sell indicating a change in sentiment. The withholding of shares for taxes is a common administrative step when restricted stock units vest and does not by itself signal a decision to reduce a holding beyond tax obligations.
For retail investors: awards increase insider ownership (net of withholding) but are compensation-driven; focus more on purchases by insiders if you seek potential bullish signals.

Form 4

Period: 2026-03-23

President, Gentherm Tech.

Transactions

Footnotes (1)

[F1]On March 14, 2023, the Reporting Person was granted performance-based restricted stock units (PSUs) under the 2013 Equity Incentive Plan. A portion of such PSUs are earned at 0% - 200% of the target grant award based on the Issuer's three-year cumulative adjusted EBITDA measured in 2025 (Adjusted EBITDA PSUs), and a portion of such PSUs are earned at 0% - 200% of the target grant award based on the Issuer's return on invested capital measured in 2025 (ROIC PSUs). The PSUs vest on the later of the date the Compensation and Talent Committee determines that the PSUs are earned and the third anniversary of the grant date. On March 14, 2026, the vesting period lapsed, and on March 23, 2026, the Compensation and Talent Committee determined that the Adjusted EBITDA PSUs were earned at 69.15% of the target performance level, and the ROIC PSUs were earned at 63.44% of the target performance level, which reflects a total payout of 40.35% of the PSUs granted on March 14, 2023.

Signature

/s/ Stephanie Swan, by Power of Attorney|2026-03-25

1 file