Company: THRM
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001140361-25-010582
Chunk: 49

Company: Gentherm Inc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 49
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-set goal for 2027) |

| - | Year-over-year Revenue Growth (25% weighting) – replaces Relative Revenue Growth |

| ■ | Goals are set and measured each year using a constant growth methodology over three years (with 25% weighting for 2025, 2026, and 2027 and a pre-set goal for 2027) |

| - | Continue to use a PSU payout modifier based on the Company’s actual TSR performance against the Company’s TSR peer group (no change) |

| ■ | If performance is below the 25thpercentile, the total PSU award payout will be downward modified by 25% |

| ■ | If the performance is at or above the 75thpercentile, the total PSU award payout will be upward modified by 25% |

| ■ | There is no modification if performance is greater than the 25thpercentile and less than the 75thpercentile |

| ■ | Maintains definition of Relative TSR and the current TSR peer group |

| Relative TSR modifier has the potential 
 to impact overall performance +/- 25%   |     | Relative TSR modifier has the potential 
 to impact overall performance +/- 25%   |

72 | 2025 PROXY STATEMENT Target Compensation for Continuing NEOs

| - | Base Salaries.The Committee approved no increase for the continuing NEOs (and all executive committee members),                                         
 to show solidarity with the full workforce, whom received reduced increases as precaution in anticipation of volatility within the automotive industry. |

| - | Target Bonus.The Committee maintained the target bonuses (as a percentage of base salary) for the continuing NEOs 
 for 2025.                                                                                                         |

| - | Target Equity Grant Value.The Committee reduced target annual equity grant values to revert NEOs back to standard                                                                                                                    
 levels after years of retention-based increases. 2025 targets continue to align with market data. The 2025 target annual equity awards include 60% of target value being delivered via PSUs and 40% being delivered via RSUs for the 
 continuing NEOs (no change as compared to 2024).                                                                                                                                                                                     |

New Hire Compensation for Future NEOs Mr. Presley and Mr. Douyard each entered into respective offer letters with the Company, specifying their total target compensation for 2025.

| Name and Principal Position |     | Salary($) | Target Bonus(% of Base Salary) | Make Whole   
 Bonus($) (1) | 2025 Equity        
 Grant Value ($)(2) | Make