4/A: Gentherm Inc. Executive Corrects Stock Transaction Reporting
SEC Filing (Form 4/A)
Jaymi Wilson, SVP and General Manager at Gentherm Inc., files an amended Form 4 to correct previously reported amounts of shares withheld for tax payments.
Summary
- Jaymi Wilson, a Senior Vice President and General Manager at Gentherm Inc., filed an amendment to a previously submitted Form 4.
- The amendment, filed on May 17, 2024, corrects the number of shares withheld for tax payments related to transactions on March 11 and March 12, 2023.
- The original filing on March 14, 2023, inadvertently used an incorrect tax rate, leading to inaccurate figures.
- The corrected filing shows 221 shares withheld on March 11, 2023, and 451 shares withheld on March 12, 2023, both at a price of $59.63.
- Following these transactions, Wilson directly owns 14,344 shares of Gentherm Inc. common stock.
Sentiment
Score: 7
Explanation: The document is a routine correction of a previous filing, indicating standard corporate governance procedures. There is no indication of positive or negative sentiment, but the correction itself is a positive sign of transparency.
Industry Context
This filing is a routine disclosure related to executive stock transactions and is required by the SEC to ensure transparency in insider trading. It does not reflect any broader industry trends.
Stakeholder Impact
- The correction ensures accurate reporting to shareholders and the SEC, maintaining transparency and trust.
Key Dates
| Date | Description |
|---|---|
| 03/11/2023 | Original stock transaction date; 221 shares withheld for taxes at $59.63. |
| 03/12/2023 | Original stock transaction date; 451 shares withheld for taxes at $59.63. |
| 03/14/2023 | Original Form 4 filing date with incorrect tax rate. |
| 05/17/2024 | Date of amended Form 4/A filing to correct tax withholding amounts. |
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