Form 4: Gentherm Inc. Executive Hui (Helen) Xu Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Hui (Helen) Xu, SVP, General Manager, Asia at Gentherm Inc., reports acquisition and disposal of common stock following vesting of performance-based restricted stock units.
Summary
- On March 22, 2024, Hui (Helen) Xu, a Senior Vice President and General Manager, Asia at Gentherm Inc., reported changes in beneficial ownership of the company's common stock.
- Xu acquired 677 shares of common stock at $0 due to the vesting of performance-based restricted stock units (PSUs).
- Simultaneously, Xu disposed of 282 shares of common stock at $55.53.
- Following these transactions, Xu directly owns 21,447 shares of Gentherm Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Stakeholder Impact
- Shareholders can monitor insider transactions to gain insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 03/12/2021 | Reporting Person was granted performance-based restricted stock units (PSUs) under the 2013 Equity Incentive Plan. |
| 03/12/2024 | The vesting period lapsed for the PSUs. |
| 03/22/2024 | The Compensation and Talent Committee determined that the PSUs were earned at the target performance level; acquisition and disposal of shares occurred. |
| 03/26/2024 | Date of signature for the report. |
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