Barkas Rafael 4

What Happened

• Rafael Barkas, Senior VP, Global Operations & Supply Chain at Gentherm (THRM), received 2,121 shares on March 23, 2026 as vested performance-based restricted stock units (PSUs) (code A, acquired at $0.00). On the same date 607 shares were disposed (code F) to satisfy tax withholding at $28.64 per share, generating a withholding value of $17,384. The disposition was a withholding for taxes, not an open-market sale.

Key Details

• Transaction dates: March 23, 2026 (vesting/payment occurred after Compensation Committee determination on March 23). Filing date: March 25, 2026 (filed timely).
• Award: 2,121 shares (PSUs) acquired at $0.00 (code A).
• Tax withholding: 607 shares disposed at $28.64 for total value $17,384 (code F).
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Footnote: These shares came from PSUs granted March 14, 2023. Payout was 40.35% of target: Adjusted EBITDA PSUs earned at 69.15% and ROIC PSUs at 63.44%, based on 2025 results.
• This was a vested award with shares withheld to meet tax obligations (routine administrative disposition).

Context

• PSUs are performance-based awards that vested after a three-year performance period; the company’s Compensation and Talent Committee determined the earned payout levels on March 23, 2026.
• The 607-share disposition is a tax withholding (code F), common when equity awards vest; it is not an indicator of an open-market sale or a change in insider sentiment.