Buntin David 4
4 · Thermon Group Holdings, Inc. · Filed May 14, 2026
Research Summary
AI-generated summary of this filing
Thermon (THR) SVP David Buntin Receives Awards, Surrenders Shares
What Happened
- David Buntin, Senior Vice President, Thermon Heat Tracing, received equity awards on May 12, 2026 totaling 15,630 shares (5,397 performance shares, 4,050 performance shares, and 6,183 restricted stock units). These awards are reported as acquisitions at $0.00 per share (awards/grants).
- To satisfy tax withholding obligations, 3,553 shares were surrendered (disposed) on May 12, 2026 at a reported fair market value of $64.69 per share, for a total value of approximately $229,844. The awards include performance-based units earned above target (163.60% and 105.22% of target, per footnotes).
Key Details
- Transaction date: May 12, 2026; filing date: May 14, 2026 (no late filing indicated).
- Prices reported: awards at $0.00 (grant); surrendered shares disposed at $64.69 (fair market value).
- Shares involved: 15,630 shares awarded (5,397; 4,050; 6,183) and 3,553 shares surrendered to cover taxes.
- Ownership note: filing references 14,937 restricted stock units held by the reporting person (footnote); the filing does not list a consolidated "shares owned after" total.
- Relevant footnotes:
- F1/F2: Performance unit awards granted June 1, 2023, vested/certified for the period ended March 31, 2026 and converted to shares (earned at 163.60% and 105.22% of target).
- F3: The 6,183 RSUs were granted May 12, 2026 (vest on 3rd anniversary).
- F4: 3,553 shares surrendered to satisfy tax withholding upon vesting.
- F5: Sales price equals fair market value on May 12, 2026.
- F6: Filing notes 14,937 RSUs held.
Context
- These transactions are primarily awards/vestings (A) rather than open-market purchases or sales driven by trading plans. The surrender of shares for taxes (F) is a routine administrative disposition following vesting and does not necessarily signal a view on the company’s stock.
- Performance units were certified by the compensation committee, producing above-target payouts for the applicable performance period; the RSU grant has multi-year vesting.
Insider Transaction Report
Form 4
Buntin David
SVP, Products & Technology
Transactions
- Award
Common Stock
[F1]2026-05-12+5,397→ 73,701 total - Award
Common Stock
[F2]2026-05-12+4,050→ 77,751 total - Award
Common Stock
[F3]2026-05-12+6,183→ 83,934 total - Tax Payment
Common Stock
[F4][F5][F6]2026-05-12$64.69/sh−3,553$229,844→ 80,381 total
Footnotes (6)
- [F1]On June 1, 2023, the reporting person was granted a performance unit award vesting on March 31, 2026, subject to the Issuer's compensation committee certifying the Issuer's return on invested capital performance during the applicable performance period as further specified in the equity award agreement. Of the 3,299 target shares eligible to be earned based upon the Issuer's performance for the performance period ended March 31, 2026, the reporting person actually earned 163.60%, or 5,397 shares. The Issuer's compensation committee certified the achievement of the performance goal on May 12, 2026.
- [F2]On June 1, 2023, the reporting person was granted a performance unit award vesting on March 31, 2026, subject to the Issuer's compensation committee certifying the Issuer's adjusted earnings before interest, taxes, depreciation and amortization during the applicable performance period as further specified in the equity award agreement. Of the 3,849 target shares eligible to be earned based upon the Issuer's performance for the performance period ended March 31, 2026, the reporting person actually earned 105.22%, or 4,050 shares. The Issuer's compensation committee certified the achievement of the performance goal on May 12, 2026.
- [F3]On May 12, 2026, the reporting person was granted an award of restricted stock units. Each restricted stock unit represents the right to receive, at settlement, one share of the Issuer's common stock. The award vests in full on the third anniversary of the grant date. Restricted stock units convert into shares of the Issuer's common stock on a one-for-one basis.
- [F4]These shares were surrendered for tax payment upon vesting of restricted stock units on May 12, 2026.
- [F5]Sales price is the fair market value on Tuesday, May 12, 2026.
- [F6]Includes 14,937 restricted stock units held by the reporting person.
Signature
/s/ Ryan Tarkington, Attorney-in-Fact|2026-05-14