Company: THRM
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001140361-25-010582
Chunk: 36

Company: Gentherm Inc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 36
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 NEOs by approximately 3-5% effective April 1, 2024. The following table sets forth the annual base salary rate in effect for the NEOs beginning April 1, 2023 and 2024, respectively.

| Element | April 2023($) | April 2024($) | Increase(%) |

| Phillip M. Eyler  | 971,000 | 1,019,550 | 5.0 |
| Matteo Anversa    | 600,221 |   630,232 | 5.0 |
| Thomas Stocker(1) | 481,668 |   500,934 | 4.0 |
| Jaymi Wilson      | 453,600 |   467,208 | 3.0 |
| Barbara J. Runyon | 449,467 |   467,446 | 4.0 |
| Hui (Helen) Xu    | 971,000 | 1,019,550 | 5.0 |

| (1) | Amounts reported for Mr. Stocker were paid in Euros and were converted to U.S. Dollars using the 2024 averaged exchange rate of EUR 1 = 1.05 USD. |

Senior Level Bonus Plan - Cash Bonus The Committee reviews and approves each of the target bonuses (as a percentage of base salary) for the NEOs, generally consistent with the process used to determine base salaries. For NEOs who begin employment with the Company during a year, annual performance bonuses are prorated based on the number of days worked during such year. 2024 SENIOR LEVEL BONUS PLAN. The bonus plan for senior level management, including all executive officers, was approved by the Committee in March 2024 (the “Senior Level Bonus Plan”). Pursuant to the Senior Level Bonus Plan, participants earn cash bonuses up to capped amounts based on the achievement of a combination of financial performance metrics and strategic goals for the full year. For all executive officers in 2024, target bonuses were to be earned based solely on the achievement of Company performance metrics and strategic goals. 2024 target bonuses (as a percentage of base salary) were 125% for Mr. Eyler, 80% for Mr. Anversa, 70% for Mr. Stocker and Mses. Wilson and Xu and 60% for Ms. Runyon, each of which was consistent with 2023. Each executive officer’s maximum bonus opportunity in