VAN DER SALM JOHANNES RENE 4
4 · Thermon Group Holdings, Inc. · Filed May 26, 2020
Insider Transaction Report
Form 4
VAN DER SALM JOHANNES RENE
Sr. VP - Global Manufacturing
Transactions
- Award
Common Stock
2020-05-21+6,004→ 138,210 total - Award
Common Stock
2020-05-21+2,724→ 139,527 total - Tax Payment
Common Stock
2020-05-21$15.07/sh−716$10,790→ 140,591 total - Tax Payment
Common Stock
2020-05-21$15.07/sh−1,407$21,203→ 136,803 total - Tax Payment
Common Stock
2020-05-21$15.07/sh−638$9,615→ 138,889 total - Award
Common Stock
2020-05-21+2,418→ 141,307 total
Footnotes (6)
- [F1]On June 19, 2017, the reporting person was granted a performance unit award vesting on March 31, 2020, subject to the Issuer's compensation committee certifying certain adjusted EBITDA performance during the applicable performance period as further specified in the equity award agreement. Of the 6,472 target shares eligible to be earned based upon the Issuer's performance for the performance period ended March 31, 2020, the reporting person actually earned 92.8%, or 1,407 shares. The Issuer's compensation committee certified the achievement of the performance goal on May 21, 2020.
- [F2]These shares were surrendered for tax payment in connection with the vesting of performance stock units on March 31, 2020.
- [F3]Sales price is the fair market value on Thursday, May 21, 2020.
- [F4]On June 19, 2017, the reporting person was granted a performance unit award vesting on March 31, 2020, subject to the Issuer's compensation committee certifying certain relative total shareholder return performance during the applicable performance period as further specified in the equity award agreement. Of the 2,724 target shares eligible to be earned based upon the Issuer's performance for the performance period ended March 31, 2020, the reporting person actually earned 100%, or 2,724 shares. The Issuer's compensation committee certified the achievement of the performance goal on May 21, 2020.
- [F5]On May 16, 2018, the reporting person was granted a performance unit award vesting on March 31, 2020, subject to the Issuer's compensation committee certifying certain acquisition related adjusted EBITDA performance during the applicable performance period as further specified in the equity award agreement. Of the 2,653 target shares eligible to be earned based upon the Issuer's performance for the performance period ended March 31, 2020, the reporting person actually earned 91.1%, or 2,418 shares. The Issuer's compensation committee certified the achievement of the performance goal on May 21, 2020.
- [F6]Includes 11,128 restricted stock units held by the reporting person.