Buntin David 4

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.