Stocker Thomas 4

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.