In 2022, Charles Kummeth earned $1.92M in total compensation at Gentherm, including $925.00K salary and $786.25K bonus. Most recently sold 80,000 shares in Jul 2023. Currently holds stock worth $79.64M. Has donated $555.61K in stock to charitable causes. Led Gentherm as CEO for 4 years.
Compensation History
Annual executive compensation data for Charles Kummeth, including salary, bonuses, and stock awards.
Year
2022
Total Compensation
$1.92M
Salary
$925.00K
Bonus
$786.25K
Other
$205.73K
Salary
$925.00KBoard Justification
The compensation program is designed to attract, motivate, and retain qualified executives, providing incentives to achieve or exceed the Company’s annual operational, financial and strategic goals.
Bonus
$786.25KBoard Justification
Based on the achievement of financial performance metrics for the full year, including Adjusted EBITDA and Revenue, with a maximum payout of 200% of target bonus.
Other Compensation
$205.73KBoard Justification
Includes contributions to the Deferred Compensation Plan, retirement matching, automobile allowance, and other benefits.
Restricted Stock
Board Justification
No stock grants vested in 2022 as the focus was on performance-based compensation.
Performance Metrics
The performance metrics for the CEO's compensation in 2022 were based on Adjusted EBITDA and Revenue.
Charles Kummeth
Ex-CEO of Gentherm
Education
Bachelor's degree in Business Administration from the University of Minnesota
Field of Expertise
Business & Management
Sector of Economy
Consumer Cyclical
Born
January 1, 1968 - 57 years ago
CEO of Gentherm for
4 years 0 months (Aug 2018 - Aug 2022)
Previous Experience
President and Chief Executive Officer of Bio-Techne Corporation
Other Gentherm CEOs
Holdings
Track Charles Kummeth's stock holdings and portfolio value over time.
Total Stock Sold
$52.25M
$52.25M
766,082 TECH shares
What if they kept their stock?
If Charles Kummeth didn't sell their stock, today they would have:
Extra TECH766,082 shares worth $47.25M.
This is -9.57% and $5.00M less than what they got when they sold the stock.
Charitable Transactions
9,008 shares
TECH
Recent Charitable Transactions
9,008 shares
TECH
Aug 9, 2023
Charity
Insider Trading
Charles Kummeth's recent stock transactions, purchases, and sales filed with the SEC.
9,008 shares
TECH
Aug 9, 2023
Charity
$7.07M
TECH at $88.36/share
Jul 21, 2023
Sale
$26.73K
TECH at $83.00/share
Jun 7, 2023
Sale
$1.86M
TECH at $365.00/share
Jun 7, 2022
Sale
5,344 shares
TECH
Aug 6, 2021
Received
$5.63M
TECH at $450.48/share
Jun 17, 2021
Sale
$3.36M
TECH at $449.60/share
Jun 14, 2021
Sale
$6.88M
TECH at $344.00/share
Jan 15, 2021
Sale
$1.54M
TECH at $308.00/share
Dec 7, 2020
Sale
8,586 shares
TECH
Aug 5, 2020
Received
Rivals
Compare Charles Kummeth with competitor CEOs and industry peers.