Barkas Rafael 4

4 · Gentherm Inc · Filed Mar 25, 2026

AI-generated summary of this filing

Updated Mar 26, 2026

Gentherm (THRM) SVP Rafael Barkas Receives Award; Sells Shares for Taxes

What Happened

Rafael Barkas, Senior VP, Global Operations & Supply Chain at Gentherm (THRM), received 2,121 shares on March 23, 2026 as vested performance-based restricted stock units (PSUs) (code A, acquired at $0.00). On the same date 607 shares were disposed (code F) to satisfy tax withholding at $28.64 per share, generating a withholding value of $17,384. The disposition was a withholding for taxes, not an open-market sale.

Key Details

Transaction dates: March 23, 2026 (vesting/payment occurred after Compensation Committee determination on March 23). Filing date: March 25, 2026 (filed timely).
Award: 2,121 shares (PSUs) acquired at $0.00 (code A).
Tax withholding: 607 shares disposed at $28.64 for total value $17,384 (code F).
Shares owned after the transactions: not specified in the provided excerpt of the filing.
Footnote: These shares came from PSUs granted March 14, 2023. Payout was 40.35% of target: Adjusted EBITDA PSUs earned at 69.15% and ROIC PSUs at 63.44%, based on 2025 results.
This was a vested award with shares withheld to meet tax obligations (routine administrative disposition).

Context

PSUs are performance-based awards that vested after a three-year performance period; the company’s Compensation and Talent Committee determined the earned payout levels on March 23, 2026.
The 607-share disposition is a tax withholding (code F), common when equity awards vest; it is not an indicator of an open-market sale or a change in insider sentiment.

Form 4Exit

Period: 2026-03-23

SVP Global Ops & Supply Chain

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