Wang Chenglong 4

What Happened

• Wang Chenglong, VP & General Manager of Gentherm (THRM), was reported to have received 266 shares on March 23, 2026. The shares were issued as an award (transaction code A) at a $0.00 acquisition price (i.e., as compensation rather than a purchase).

Key Details

• Filing date: March 25, 2026; Period of report: March 23, 2026.
• Transaction: Award/grant of 266 shares at $0.00 per share (total cash paid = $0).
• Origin of award: Performance-based restricted stock units (PSUs) granted March 14, 2023 under the 2013 Equity Incentive Plan (see footnote F1).
• Performance determination: On March 23, 2026 the Compensation and Talent Committee certified results — Adjusted EBITDA PSUs earned at 69.15% and ROIC PSUs at 63.44%, yielding a combined payout of 40.35% of the original PSU grant.
• Shares owned after transaction: Not specified in the filing.
• No indication in the filing of a 10b5-1 plan, tax withholding sale, or late filing.

Context

• PSUs are performance-conditioned equity awards; payout depends on multi-year financial metrics (here, cumulative adjusted EBITDA and ROIC measured through 2025). This transaction reflects a compensation vesting/payment, not an open-market purchase or sale, and is therefore not a direct bullish or bearish trading signal by the insider.