4/A: Gentherm Inc. Executive Corrects Stock Transaction Reporting
SEC Filing (Form 4/A)
Rafael Barkas, SVP Global Ops & Supply Chain at Gentherm Inc., files an amended Form 4 to correct previously reported amounts of shares withheld for tax payments.
Summary
- Rafael Barkas, a Senior Vice President at Gentherm Inc., filed an amended Form 4 with the SEC.
- The amendment 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, contained incorrect amounts due to the application of an incorrect tax rate.
- The corrected filing shows 238 shares withheld on March 11 and 582 shares withheld on March 12, both at a price of $59.63.
- Following these transactions, Barkas directly owns 11,502 shares of Gentherm Inc. common stock.
Sentiment
Score: 7
Explanation: The document is a routine correction of a regulatory filing. It doesn't indicate any significant positive or negative developments for the company, but transparency is generally viewed favorably.
Industry Context
This filing is a routine disclosure related to insider transactions and corrections, which are common in publicly traded companies. It provides transparency into executive stock ownership.
Stakeholder Impact
- The correction ensures accurate reporting of insider transactions, which is important for maintaining investor confidence.
Key Dates
| Date | Description |
|---|---|
| 03/11/2023 | Date of stock transaction where shares were withheld for taxes; 238 shares at $59.63. |
| 03/12/2023 | Date of stock transaction where shares were withheld for taxes; 582 shares at $59.63. |
| 03/14/2023 | Date of original Form 4 filing with incorrect amounts. |
| 05/17/2024 | Date of signature on the amended filing. |
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