Company: THRM
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001140361-25-010582
Chunk: 41

Company: Gentherm Inc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 41
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 Relative TSR performance, and not for setting target pay levels, company size was not used as a factor in determining the comparison group. The 2024 peer group was consistent with 2023 and has been generally consistent since it was first utilized in 2018.

| Adient plc                      | American Axle & Manufacturing Holdings, Inc. | Aptiv PLC                     |
| BorgWarner Inc.                 | Cooper-Standard Holdings Inc.                | Dana Incorporated             |
| Dorman Products, Inc.           | Ford Motor Company                           | Fox Factory Holding Corp.     |
| General Motors Company          | Gentex Corporation                           | LCI Industries                |
| Lear Corporation                | Magna International Inc.                     | Modine Manufacturing Company  |
| Motorcar Parts of America, Inc. | Sensata Technologies Holding plc             | Standard Motor Products, Inc. |
| Stoneridge, Inc.                | The Goodyear Tire & Rubber Company           | THOR Industries, Inc.         |
| Visteon Corporation             | Winnebago Industries, Inc.                   |                               |

TIME-BASED RESTRICTED STOCK UNITS (RSUs). RSUs vest ratably over three years, with one third of RSUs vesting on each anniversary of the grant date. 2024 ANNUAL EQUITY TARGET VALUES. The Committee determined the target grant values for equity granted in 2024 primarily based on peer group or survey data for similar positions, retention needs and further alignment with the 2026 strategic plan, as well as the executive’s current position and salary. The values listed below represent the target values approved by the Committee and differ from the actual grant date fair values reported in the Summary Compensation Table for 2024.

| Element | Target PSUS Adjusted EBITDA Margin 
 ($)                                | Target PSUS Relative Revenue Growth($) | RSUS($) | Total Target Values($) |

| Phillip M. Eyler  | 2,362,500 | 787,500 | 1,350,000 | 4,500,000 |
| Matteo Anversa    |   765,000 | 255,000 |   680,000 | 1,700,000 |
| Thomas Stocker    |   405,000 | 135,000 |   360,000 |   900,000 |
| Jaymi Wilson      |   405,000 | 135,000 |   360,000 |   900,000 |
| Barbara