Company: THRM
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001140361-25-010582
Chunk: 70

Company: Gentherm Inc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 70
---
 (which services must commence by June 30, 2026), and (4) COBRA continuation coverage for up to 12 months, or a maximum of $29,341. In addition, Mr. Eyler was entitled to specified treatment with respect to equity awards scheduled to vest within 12 months of his separation date: (1) the applicable RSUs vested immediately upon separation (which had a value of $789,697, based on the Company’s stock price of $39.92 as of December 31, 2024) and were delivered promptly, and (2) the applicable PSUs vested immediately upon separation, and remained subject to Company performance through the end of the full performance period (which earned PSUs had a value of $452,653, based on the Company’s stock price of $39.92 as of December 31, 2024). Any outstanding and unvested equity awards that vest on or after December 31, 2025, are forfeited. Mr. Anversa . Mr. Anversa’s departure in September 2024 was a voluntary resignation without Good Reason, and therefore, Mr. Anversa received no severance payments and all outstanding and unvested equity awards were forfeited. Ms. Xu . In connection with the completion of her foreign secondment assignment, on and effective December 13, 2024, the Company terminated Ms. Xu from her role as the Company’s Senior Vice President and General Manager, Asia Automotive. Ms. Xu remained as a non-executive employee of the Company through December 31, 2024, to support the orderly transition of her responsibilities. In accordance with her offer letter and the Severance Plan, Ms. Xu was eligible to receive the severance benefits specified for a termination without Cause. Her severance benefits were contingent on compliance with non-competition, non-solicitation and non-disparagement restrictive covenants, and applicable clawback policies. Her separation benefits in cash include (1) a lump sum of $839,294 representing one year of her base salary and a pro rata portion of her 2024 target bonus (which was paid on February 27, 2025) and (2) COBRA continuation coverage for up to 12 months, or a maximum of $25,223. All of her outstanding and unvested equity awards were forfeited. Deferred Compensation Arrangements The Eyler DC Agreement provides that Mr. Eyler would become immediately vested in all