Scott P. Ryan - 20 Feb 2024 Form 4 Insider Report for GENTEX CORP (GNTX)

Role
General Counsel
Signature
/s/ Kevin Nash for Scott P. Ryan by Power of Attorney
Issuer symbol
GNTX
Transactions as of
20 Feb 2024
Net transactions value
-$370,710
Form type
4
Filing time
21 Feb 2024, 15:13:08 UTC
Previous filing
16 Feb 2024
Next filing
19 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GNTX Common Stock Award $0 +7,636 +28% $0.000000 35,233 20 Feb 2024 Direct F1
transaction GNTX Common Stock Tax liability $129,821 -3,708 -11% $35.01 31,525 20 Feb 2024 Direct F2
transaction GNTX Common Stock Tax liability $90,189 -2,576 -8.2% $35.01 28,949 20 Feb 2024 Direct F2
transaction GNTX Common Stock Options Exercise $286,750 +12,500 +43% $22.94 41,449 20 Feb 2024 Direct
transaction GNTX Common Stock Sale $437,450 -12,500 -30% $35.00 28,949 20 Feb 2024 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GNTX Employee Stock Option (Right to buy) Options Exercise $0 -12,500 -50% $0.000000 12,500 20 Feb 2024 Common Stock 12,500 $22.94 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 7,636 shares are performance based shares where the total number of shares granted were based on long term performance incentives.
F2 This transaction was executed in multiple trades at prices ranging from $34.72 to $35.14. The price reported above reflects the weighted average price.
F3 This transaction was executed in multiple trades at prices ranging from $34.96 to $35.05. The price reported above reflects the weighted average price.
F4 These shares become exercisable as to 25% one year after date of grant and an additional 25% at each ensuing anniversary date.