Company: THRM
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001140361-25-010582
Chunk: 61

Company: Gentherm Inc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 61
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184 |      — |      — |      — |         — | — |
| 3/15/2024(2)     | 3/15/2024 |  — |      — |         — |     1,267 |  2,534 |  5,068 |      — |   153,763 |   |
| 3/15/2024(3)     | 3/15/2024 |  — |      — |         — |     3,802 |  7,603 | 15,206 |      — |   461,350 |   |
| 3/15/2024(4)     | 3/15/2024 |  — |      — |         — |         — |      — |      — |  6,759 |   360,052 |   |

| (1) | Represents possible payouts under the Company’s 2023 Senior Level Bonus Plan. Threshold performance reflects earned performance at the threshold level solely for the Increase in                            
 Renewable Energy Share, which equals 2% of the target bonus. Actual bonuses earned for 2024 are disclosed in the “Non-Equity Incentive Plan Compensation” column of the Summary Compensation Table for 2024. |

| (2) | PSUs that are earned and vest based on Relative Revenue Growth metric. |

| (3) | PSUs that are earned and vest based on Adjusted EBITDA Margin performance metric. |

| (4) | Time-vested RSUs. |

| (5) | Under FASB ASC Topic 718, the PSUs that vest based on Relative Revenue Growth and Adjusted EBITDA Margin are considered a market condition because of the Relative TSR modifier, and                                                     
 therefore, the effect of that market condition is reflected in the grant date fair value for these PSUs. The PSUs granted on March 15, 2024 had a grant-date fair value of $60.68 per target share, as computed under FASB ASC Topic 718 
 using a Monte Carlo simulation. The RSUs granted on March 15, 2024 that are time-vested have a grant-date fair value of $53.27 per share, which was the closing price of our common stock as quoted on NASDAQ on the grant date.         |

82 | 2025 PROXY STATEMENT Narrative Discussion Of Grants Of Plan-Based Awards In 2024