Form 4: Gentherm Inc. Executive Thomas Stocker Reports Changes in Beneficial Ownership
SEC Form 4
Thomas Stocker, SVP, General Manager, Europe at Gentherm Inc., reports acquisition and disposal of common stock due to tax withholding and vesting of restricted stock units.
Summary
- On March 14, 2025, Thomas Stocker disposed of 614 shares of common stock at $30.15 due to tax withholding.
- On March 14, 2025, Stocker acquired 8,160 shares of common stock at $0 related to restricted stock units.
- On March 15, 2025, Stocker disposed of 1,014 shares of common stock at $30.39 due to tax withholding.
- Following these transactions, Stocker directly owns 19,516 shares of common stock.
- The reported transactions involve the vesting of restricted stock units granted under the 2023 Equity Incentive Plan, vesting in three portions on March 14, 2026, March 14, 2027, and March 14, 2028.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the transactions are related to standard compensation practices and tax obligations. There is no indication of unusual activity or concern.
Positives
- The acquisition of 8,160 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 management's sentiment and confidence in the company's prospects.
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 | Disposal of 614 shares of common stock due to tax withholding. |
| 03/14/2025 | Acquisition of 8,160 shares of common stock related to restricted stock units. |
| 03/15/2025 | Disposal of 1,014 shares of common stock due to tax withholding. |
| 03/14/2026 | One-third of restricted stock units vest. |
| 03/14/2027 | One-third of restricted stock units vest. |
| 03/14/2028 | One-third of restricted stock units vest. |
| 03/17/2025 | Date of signature for the Form 4 filing. |
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