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

Role
General Counsel
Signature
/s/ Kevin Nash for Scott P. Ryan by Power of Attorney
Stock symbol
GNTX
Transactions as of
Feb 20, 2024
Transactions value $
-$370,710
Form type
4
Date filed
2/21/2024, 03:13 PM
Previous filing
Feb 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GNTX Common Stock Award $0 +7.64K +27.67% $0.00 35.2K Feb 20, 2024 Direct F1
transaction GNTX Common Stock Tax liability -$130K -3.71K -10.52% $35.01 31.5K Feb 20, 2024 Direct F2
transaction GNTX Common Stock Tax liability -$90.2K -2.58K -8.17% $35.01 28.9K Feb 20, 2024 Direct F2
transaction GNTX Common Stock Options Exercise $287K +12.5K +43.18% $22.94 41.4K Feb 20, 2024 Direct
transaction GNTX Common Stock Sale -$437K -12.5K -30.16% $35.00 28.9K Feb 20, 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 -12.5K -50% $0.00 12.5K Feb 20, 2024 Common Stock 12.5K $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.