4/A: Gentherm Inc. Executive Anversa Matteo Corrects Form 4 Filing Regarding Tax Withholding
SEC Filing
Anversa Matteo, EVP, CFO, and Treasurer of Gentherm Inc., files an amended Form 4 to correct the number of shares withheld for tax payments.
Summary
- An amended Form 4 was filed by Anversa Matteo, EVP, CFO, and Treasurer of Gentherm Inc.
- The amendment corrects a previous filing from March 14, 2023, which contained incorrect amounts for shares withheld for tax payments.
- The error stemmed from the application of an incorrect tax rate.
- The corrected filing shows that 368 shares of common stock were disposed of on March 11, 2023, at a price of $59.63 for tax purposes.
- Following the transaction, Anversa Matteo beneficially owns 26,032 shares of Gentherm Inc. common stock directly.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing correcting a previous error. It doesn't indicate any significant positive or negative developments for the company, but transparency is generally viewed favorably.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. Amendments are sometimes necessary to correct errors or omissions in the original filings.
Stakeholder Impact
- The correction of the filing ensures accurate information is available to shareholders and the public.
Key Dates
| Date | Description |
|---|---|
| 03/11/2023 | Date of transaction where shares were disposed of for tax purposes. |
| 03/14/2023 | Date of original Form 4 filing with incorrect tax withholding amounts. |
| 05/17/2024 | Date of amended Form 4 filing to correct tax withholding amounts. |
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