Wilson Jaymi 4
4 · Gentherm Inc · Filed Mar 25, 2026
Research Summary
AI-generated summary of this filing
Gentherm (THRM) SVP Jaymi Wilson Receives Award, Sells 710 Shares
What Happened
Jaymi Wilson, Senior Vice President and Chief Strategy Officer of Gentherm (THRM), received 2,474 shares on March 23, 2026 as the vesting payout of performance-based restricted stock units (PSUs). On the same date, 710 shares were disposed of at $28.64 each to satisfy tax withholding obligations, generating proceeds of $20,334. The award shares were recorded at $0 acquisition price because they are a compensation grant.
Key Details
- Transaction dates: March 23, 2026 (award and tax withholding); Form 4 filed March 25, 2026 (appears timely).
- Award: 2,474 shares acquired (code A) at $0.00 (compensation award).
- Tax withholding: 710 shares disposed (code F) at $28.64 per share = $20,334.
- Shares owned after the transaction: not stated in the provided filing excerpt.
- Footnote: PSUs were originally granted March 14, 2023; performance measured through 2025. Adjusted EBITDA PSUs earned at 69.15% and ROIC PSUs at 63.44%, for a combined payout equal to 40.35% of the original PSU grant.
- Transaction code F indicates shares were surrendered/withheld to cover tax liability (routine withholding), not an open-market sell for investment purposes.
Context
This was a performance-based vesting event rather than a market-driven purchase or discretionary sale. The 710-share disposition was a tax-withholding action tied to the PSU payout; such withholdings are common when equity awards vest. The underlying PSUs were performance-tested over a three-year period and paid out at a partial (40.35%) level based on Gentherm’s metrics through 2025.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-23+2,474→ 43,436 total - Tax Payment
Common Stock
2026-03-23$28.64/sh−710$20,334→ 42,726 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.