Ascher Erin Erwine 4
4 · GENTHERM Inc · Filed Oct 4, 2017
Insider Transaction Report
Form 4
GENTHERM IncTHRM
Ascher Erin Erwine
VP Talent Devlopment CHRO
Transactions
- Award
Common Stock
2017-10-03+7,322→ 31,161 total
Footnotes (1)
- [F1]The shares represent Restricted Common Stock issued under the 2013 Equity Incentive Plan that have been granted to the Reporting Person. The Restricted Stock Award Agreement provides that the shares granted are subject to forfeiture if the Participant's employment with the Company terminates prior to the 18 month anniversary of the Grant Date (the "Vesting Date"). If the Participant remains employed by the Company through and including the Vesting Date, or if the Participant's employment with the Company is terminated prior to the Vesting Date without Cause or for Good Reason (each as defined in the Restricted Stock Award Agreements), then the shares granted shall immediately vest and no longer be subject to possible forfeiture; provided that, in the case of acceleration upon termination, the participant's right to receive such accelerated vesting is conditioned upon execution of a general release of claims, which becomes irrevocable, for the benefit of the Company.