Thames Bruce 4

What Happened Bruce (Thames), President & CEO and a director of Thermon Group Holdings (THR), received two performance-based awards that vested on March 31, 2026 and were certified by the compensation committee on May 12, 2026. He was credited with 28,067 shares (163.60% of target) and 21,069 shares (105.22% of target), a total of 49,136 shares granted at $0 cost. To satisfy withholding taxes on the vesting, 19,331 shares were surrendered at the fair market value of $64.69 per share, representing $1,250,522.

Key Details

• Transaction dates: awards and tax withholding recorded on May 12, 2026.
• Award details: 28,067 shares (performance vs. 17,157 target; 163.60% payout) and 21,069 shares (vs. 20,017 target; 105.22% payout).
• Tax withholding: 19,331 shares surrendered at $64.69/share = $1,250,522 (code F).
• Net new shares retained from vesting: 49,136 granted − 19,331 withheld = 29,805 shares.
• Holdings reported: filing notes the reporting person holds 36,571 restricted stock units (per footnote).
• Transaction codes: A = Award/Grant, F = Tax withholding on vesting.
• Filing timing: certification and transactions were reported on May 12, 2026; the filing accession is dated May 14, 2026 (no late-filing flag was provided here).

Context These were performance-unit awards that vested based on company ROIC and adjusted EBITDA metrics (granted June 1, 2023; performance period ended March 31, 2026). The surrender of shares was a tax-withholding action (common on vesting) rather than an open-market sale by the insider. This type of transaction reflects compensation vesting, not an independent purchase or market sale decision.