Harris-Peterson Candace 4

What Happened

• Candace Harris-Peterson, Senior VP of Human Resources at Thermon Group Holdings (THR), received equity awards and had shares surrendered to cover tax withholding. On May 12, 2026 she was credited with three awards totaling 9,532 shares (3,238; 2,430; 3,864) and 2,314 shares were surrendered (disposed) as tax withholding at a fair market value of $64.69 per share, generating proceeds of $149,693 (reported as code F — tax/payment of exercise price).
• The 9,532 shares consist of two performance-based awards (3,238 and 2,430 shares) that vested after the issuer’s compensation committee certified performance, plus a grant of 3,864 restricted stock units. The performance awards reflect above-target payouts: 163.60% of target (1,979 → 3,238) and 105.22% of target (2,309 → 2,430).

Key Details

• Transaction date(s): May 12, 2026; Form 4 filed May 14, 2026 (timely within SEC rules).
• Prices/values: tax-withheld shares disposed at $64.69 per share, total proceeds reported $149,693.
• Transaction types: A = Award/Grant (3 awards); F = tax/payment of exercise price (2,314 shares surrendered).
• Footnotes of note:
  • Performance awards were originally granted June 1, 2023 and vested upon certification of performance (certified May 12, 2026).
  • The 3,864 restricted stock units were newly granted on May 12, 2026 and vest on the third anniversary of the grant (convert 1-for-1 to shares).
  • 2,314 shares were surrendered to satisfy tax withholding obligations upon vesting.
  • Filing notes the reporting person holds 9,736 restricted stock units (per footnote).
• Shares owned after transaction: The filing identifies restricted stock unit holdings (9,736 RSUs) but does not list a comprehensive total of common shares owned after the transactions.

Context

• These transactions are primarily awards vesting and related tax withholding — not open-market buying or selling for investment. Tax-withholding share surrender (code F) is a routine administrative disposition, not an independent sale indicating sentiment.
• Performance units increased the delivered share count above target levels (notable payout multipliers), while the RSU grant vests over time.