Form 4: Gentherm Inc. Executive Nicholas Breisacher Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Chief Accounting Officer Nicholas Breisacher reports acquisition and disposal of Gentherm Inc. common stock related to restricted stock units.
Summary
- On March 14, 2025, Nicholas Breisacher, Chief Accounting Officer of Gentherm Inc., reported changes in beneficial ownership of the company's common stock.
- Breisacher disposed of 67 shares at $30.15 and 107 shares at $30.39 to cover tax obligations.
- Breisacher also acquired 1,458 shares of common stock at $0 related to restricted stock units.
- Following these transactions, Breisacher directly owns 4,179 shares of Gentherm Inc. common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation. The acquisition of shares through vesting is a positive sign, but the sale of shares to cover taxes is a standard practice.
Positives
- The acquisition of 1,458 shares indicates continued alignment of the executive's interests with the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors to gauge executive sentiment and potential future stock performance.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date of earliest transaction (disposal and acquisition of common stock). |
| 03/15/2025 | Date of transaction (disposal of common stock). |
| 03/17/2025 | Date of signature by Power of Attorney. |
| 03/14/2026 | First vesting date for one-third of the Restricted Stock Units. |
| 03/14/2027 | Second vesting date for one-third of the Restricted Stock Units. |
| 03/14/2028 | Third vesting date for one-third of the Restricted Stock Units. |
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