Gentherm Inc. Implements Sign-On Inducement Restricted Stock Unit Awards

Gentherm Inc. (NASDAQ: THRM) announced on February 24, 2025, that it will enter into a Sign-on Inducement Restricted Stock Unit (RSU) Award Agreement with two of its executive officers. The company previously disclosed an inducement award of RSUs, which will be granted to President and Chief Executive Officer William Presley, and Executive Vice President, Chief Financial Officer and Treasurer Jonathan Douyard.

According to the filing, the terms and conditions of the sign-on RSU agreements are substantially the same as those used in the annual RSU grants for the company’s executive officers. A copy of the Form of Sign-On Inducement Restricted Stock Unit Award Agreement is attached to the filing as Exhibit 10 and has been incorporated by reference.

The filing was submitted via Form 8-K, in compliance with the Securities and Exchange Commission regulations, and noted that the agreements are part of Gentherm’s ongoing executive compensation practices during this time period. No additional details regarding the value or specific terms of the awards were provided beyond the reference to the standard agreement form.

The announcement reflects the company’s efforts to attract and retain top executive talent by aligning their interests with those of Gentherm’s shareholders through incentive-based compensation.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Gentherm’s 8K filing here.

Gentherm Company Profile

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.