Form 4: Thermon Group Holdings CEO Bruce Thames Reports Stock Transactions
SEC Form 4 Filing
Bruce Thames, President & CEO of Thermon Group Holdings, reports acquisition of restricted stock units and disposition of shares for tax obligations.
Summary
- On June 1, 2024, Bruce Thames, the President & CEO of Thermon Group Holdings, acquired 13,477 restricted stock units.
- These units vest in equal installments over three years.
- Also on June 1, 2024, Thames disposed of 9,858 shares to cover tax obligations related to the vesting of restricted stock units.
- The disposition price was $33.76 per share, based on the fair market value on May 31, 2024.
- Following these transactions, Thames beneficially owns 297,901 shares, including 36,671 restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CEO, trade in their company's stock. This provides transparency to the market.
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 |
|---|---|
| 06/01/2024 | Date of restricted stock unit grant and share disposition for tax obligations. |
| 05/31/2024 | Date of fair market value used for share disposition price. |
| 06/04/2024 | Date of Form 4 filing. |
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