Form 4: Gentherm Inc. Executive Jaymi Wilson Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Jaymi Wilson, a Senior Vice President at Gentherm Inc., reported disposing of common stock to satisfy tax withholding obligations related to vested restricted stock units.
Summary
- On March 11, 2024, Jaymi Wilson, a Senior Vice President of Gentherm Inc., disposed of 228 shares of common stock at a price of $55.71 per share to cover tax obligations.
- Following this transaction, Wilson directly owns 19,590 shares of Gentherm Inc.
- On March 12, 2024, Wilson disposed of 162 shares of common stock at a price of $55.63 per share to cover tax obligations.
- Following this transaction, Wilson directly owns 19,428 shares of Gentherm Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock disposals for tax purposes, a routine activity.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their potential impact on the market.
Stakeholder Impact
- The stock disposals are unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors as they are related to tax obligations and involve a relatively small number of shares.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Disposal of 228 shares of common stock at $55.71 per share. |
| 03/12/2024 | Disposal of 162 shares of common stock at $55.63 per share. |
| 03/13/2024 | Date of signature for the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.