Company: THRM
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001140361-25-010582
Chunk: 16

Company: Gentherm Inc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 16
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 Nominating and Corporate Governance, Technologyand Mergers and Acquisitions Committees - Chair |   15,000 |
| Audit Committee - Member                                                                                                |   10,000 |
| Compensation, Nominating and Corporate Governance, Technology and Mergersand Acquisitions Committees - Member           |    7,500 |
| Annual Equity Retainer                                                                                                  | $135,000 |

Consistent with historical practice, the annual cash retainers were paid to all of the directors in advance immediately following the 2024 annual meeting of shareholders. The restricted stock awards to existing directors were granted on the date of the 2024 annual meeting of shareholders. The number of shares of restricted stock granted to each non-employee director in 2024 was determined by dividing the target dollar value of each restricted stock award by the per share closing price of our common stock on the grant date. The equity retainer vests on the earlier of the first anniversary of the grant date or the date of the next annual meeting of shareholders. A director will forfeit their restricted stock in the event of termination of service as a non-employee director of the Company before the first anniversary of the grant date. However, in the event of a director termination due to death, disability or retirement, the Compensation and Talent Committee may accelerate the vesting of all or a portion of the restricted stock in its discretion at any time.

29 | 2025 PROXY STATEMENT

During the restricted period, the restricted stock entitles the participant to all of the rights of a shareholder, including the right to vote the shares. Before the end of the restricted period, a participant may not sell, assign, pledge, or otherwise dispose of or hypothecate such person’s restricted stock. The Company does not provide any perquisites to directors but does reimburse directors for out-of-pocket expenses incurred in attending Board and Board Committee meetings, as well as for director onboarding and continuing training related to service for the Company and Board. 2024 Director Compensation Table The table below sets forth the compensation of each non-employee director in 2024.

| Name               | Fees Earned Or Paid In Cash 
                     ($) (1) | Stock Awards 
      ($) (2) |   Total 
     ($) |
| Sophie Desormière  |                     108,500 |      135,017 | 243,517 |
| David Heinzmann    |                     111,000 |      135,017 | 246,017 |
| Ronald Hundzinski  |