On March 17, 2026, Gentherm Incorporated's Compensation and Talent Committee approved new forms of equity award agreements under the Gentherm Incorporated 2023 Equity Incentive Plan. These agreements include significant revisions aimed at enhancing the benefits for participants, particularly in circumstances such as death, disability, involuntary termination without cause, and qualifying retirement. The new agreements consist of the Restricted Stock Award Agreement for non-employee directors, the Restricted Stock Unit Award Agreement for employees, and the Performance Stock Unit Award Agreement. These changes are expected to provide greater flexibility and security for participants, potentially leading to improved retention and motivation among key personnel. The revisions are designed to align the interests of the participants with the long-term goals of the company, thereby fostering a more committed workforce. The new agreements will be utilized for future equity awards under the 2023 Plan, which aims to attract and retain top talent in a competitive market. This strategic move reflects Gentherm's commitment to enhancing its compensation structure and ensuring that it remains competitive in the industry. The company is expected to file relevant materials with the SEC in connection with these changes, including a registration statement on Form S-4, which will provide further details to shareholders and stakeholders.

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