Company: THRM
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001140361-25-010582
Chunk: 35

Company: Gentherm Inc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 35
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 Pay – Pay Outcomes Aligned with Shareholder Interests Our executive compensation program design ensures a strong connection between Company financial performance and pay delivery. This alignment between pay and performance is illustrated through the below chart, which describes the difference between (i) the intended target pay delivered to our CEO over the past three years (referred to as ‘target compensation’), and (ii) actual pay, for any completed performance period, and an estimate of actual pay based on performance as of December 31, 2024, for in-flight performance periods (referred to as ‘realizable pay’). The realizable pay of our CEO reflects both the impacts of achieving or likelihood of achievement of performance goals for incentive compensation, as well as changes in stock price over the applicable vesting or performance periods, the combination of which has resulted in realizable pay to be significantly reduced from the target pay. The following chart shows the realizable pay of Mr. Eyler compared to his target compensation as of December 31, 2024. The percentages noted in realizable pay reflect the actual (for 2022) or the estimate of actual (for 2023 and 2024) achievement of the target amount for such compensation component. The amounts included in the “All Other Compensation” column (including deferred compensation) in the Summary Compensation Table for 2024, 2023 and 2022 are not included.

*PSU performance assumed through December 31, 2024 at a closing stock price of $39.92: 2022, 46%; 2023, 100%; and 2024, 100%. Summary Of 2024 Target Compensation For Other NEOs The Committee approved the following target compensation for other NEOs in 2024:

| BASE SALARY                                                        | ANNUAL BONUS                                                       | EQUITY AWARDS                                                                                                        |
| Base salary increases of approximately3-5% effective April 1, 2024 | No increases in target bonus (as % ofbase salary) for NEOs in 2024 | Increases in target grant value for NEOs to increase retention and further align the NEOs to the 2026 strategic plan |

61 | 2025 PROXY STATEMENT

2024 Compensation Program Overview The key elements of our compensation program for 2024 were as follows:

| Fixed              |     | Cash-                                                                              
 based                                                                              |                                                                                         |                                                                                            | Base Salary                                                                                
 •                                                                                          
 Based on experience, responsibilities, market, and internal pay equity