Company: THRM
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001140361-25-010582
Chunk: 46

Company: Gentherm Inc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 46
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 Period | ROIC (20%) Performance Period | Adjusted EBITDA (40%) Performance Period | Relative Revenue Growth (20%) Performance Period |

| 2023 Award | Three-year periodending 3/14/2026 | 2025 | Three-year periodending 12/31/2025 | Three-year periodending 12/31/2025 |

| Award | Relative TSR (20%)Performance Period | ROIC (40%) PerformancePeriod | Adjusted EBITDA (40%) Performance Period |

| 2022 Award | Three-year period ending3/11/2025 | 2024 | Three-year period ending 12/31/2024 |

Determination Of Earned 2022 PSU Awards (ROIC, Adjusted EBITDA And Relative TSR) As of the determination date by the Committee, 2022 PSUs were held by all continuing NEOs. In first quarter of 2025, the Committee determined that (i) 85.0% of the ROIC PSUs granted in 2022 were earned based on actual ROIC performance of 12.8%, which was between threshold and target; (ii) 0% of the Adjusted EBITDA PSUs granted in 2022 were earned based on actual performance of $493 million, which was below threshold; and (iii) 0% of the Relative TSR PSUs granted in March 2022 were earned based on Relative TSR performance at the21 stpercentile of the applicable Relative TSR peer group during the three-year performance period, which was 20th out of 25 companies. Deferred Compensation Plan On December 31, 2018, the Company adopted the Gentherm Incorporated Deferred Compensation Plan, amended and restated effective January 1, 2019 (the “Deferred Compensation Plan”). The Deferred Compensation Plan is intended to provide retirement income benefits to participants, but is not a supplemental executive retirement program or a traditional executive pension plan. The Deferred Compensation Plan is unfunded and permits participants to make annual elections to defer all or a portion of their base salary and annual bonus for the subsequent year, and to receive employer contributions, which such participants would have been able to make and receive under the Company’s existing Retirement Savings Plan (the “401(k) Plan”) but for certain salary reduction and related limitations of the Internal Revenue Code of 1986, as amended (the “Code”). The Deferred Compensation Plan provides that key executive employees selected by the Company will be eligible to participate in such plan