Form 4: Gentherm Inc. Executive Nicholas Breisacher Reports Stock Disposals
SEC Form 4 Filing
Nicholas Breisacher, Chief Accounting Officer of Gentherm Inc., reported the disposal of common stock to cover tax obligations.
Summary
- On March 11 and 12, 2024, Nicholas Breisacher, the Chief Accounting Officer of Gentherm Inc., disposed of shares of common stock.
- The disposals were executed to satisfy tax obligations related to equity awards.
- On March 11, 2024, 28 shares were disposed of at a price of $55.71.
- On March 12, 2024, 32 shares were disposed of at a price of $55.63.
- Following these transactions, Breisacher directly owns 1,885 shares of Gentherm Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to routine stock disposals for tax purposes. It doesn't indicate a positive or negative outlook for the company.
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 seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The disposal of shares by an executive could be perceived negatively by some shareholders, although it is a common practice for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Disposal of 28 shares of common stock at $55.71. |
| 03/12/2024 | Disposal of 32 shares of common stock at $55.63. |
| 03/13/2024 | Date of signature for the Form 4 filing. |
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