4/A: Gentherm Inc. Executive Corrects Stock Transaction Reporting

Wayne S. Kauffman III, SVP and General Counsel of Gentherm Inc., files an amended Form 4 to correct previously reported amounts of shares withheld for tax payments.

Summary

• Wayne S. Kauffman III, a Senior Vice President and General Counsel at Gentherm Inc. (THRM), filed an amended Form 4 with the SEC on May 17, 2024.
• This amendment corrects a previous filing from March 14, 2023, which contained incorrect amounts for shares withheld for tax payments.
• The corrected filing reflects the accurate calculation of shares withheld for taxes on March 11 and March 12, 2023.
• Specifically, 241 shares were disposed of on March 11, 2023, at a price of $59.63, and 579 shares were disposed of on March 12, 2023, also at $59.63.
• Following these transactions, Kauffman directly owns 10,265 shares of Gentherm Inc. common stock.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing, indicating standard corporate governance practices. It doesn't suggest any underlying issues or significant changes in the company's financial health, hence a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Amendments, like this one, ensure accuracy in reporting, which is crucial for maintaining investor confidence.

Stakeholder Impact

• The correction of the Form 4 filing ensures accurate information is available to shareholders and potential investors.

Key Dates