Nicholas Breisacher 4
4 · Gentherm Inc · Filed Mar 25, 2026
Research Summary
AI-generated summary of this filing
Gentherm (THRM) Chief Accounting Officer Nicholas Breisacher Receives Award
What Happened
Nicholas Breisacher, Gentherm's Chief Accounting Officer, received 353 shares on March 23, 2026 as the settlement of performance-based restricted stock units (PSUs). To cover tax withholding, 102 of the shares were surrendered/disposed at $28.64 per share for a total withholding of $2,921. The 353 shares were recorded as acquired at $0.00 (award).
Key Details
- Transaction dates: March 23, 2026 (award and tax withholding); Form 4 filed March 25, 2026 (timely).
- Award: 353 shares granted/issued (code A) at $0.00.
- Tax withholding: 102 shares disposed (code F) at $28.64 each, total $2,921.
- Shares owned after transaction: not specified in the filing.
- Footnote: PSUs were originally granted March 14, 2023; payout was determined March 23, 2026. Adjusted EBITDA PSUs paid at 69.15% and ROIC PSUs at 63.44%, resulting in a total payout equal to 40.35% of the target grant. The tax-withholding is noted as a share surrender to satisfy tax obligations.
Context
These were performance-based restricted stock units vesting after a three-year performance period; the award reflects partial achievement of metrics measured through 2025. The 102-share disposition was a routine tax-withholding (not an open-market sale), which is common when equity awards vest and does not, by itself, imply a personal investment decision. Transaction codes: A = award/grant, F = tax withholding.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-23+353→ 5,891 total - Tax Payment
Common Stock
2026-03-23$28.64/sh−102$2,921→ 5,789 total
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.