Wilson Jaymi 4

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.