Gentex (GNTX) VP Matthew Chiodo reports stock awards and share sales
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gentex Corporation vice president of sales Matthew Chiodo reported a mix of stock awards, tax-related share dispositions, and open-market sales of common stock. On February 17, he received a grant of 28,269 performance-based shares, with the number tied to long-term performance incentives and vesting 100% three years from the grant date. That same day, Form 4 data shows tax-withholding dispositions of shares at about $24.89 per share and open-market sales totaling 19,827 shares at about $25.03 per share. On February 19, he received an additional award of 12,047 shares of common stock, bringing his directly held stake to 47,148 shares after the reported transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 19,827 shares ($496,171)
Net Sell
6 txns
Insider
Chiodo Matthew
Role
Vice President of Sales
Sold
19,827 shs ($496K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,047 | $0.00 | -- |
| Grant/Award | Common Stock | 28,269 | $0.00 | -- |
| Tax Withholding | Common Stock | 12,564 | $24.89 | $313K |
| Tax Withholding | Common Stock | 3,187 | $24.89 | $79K |
| Sale | Common Stock | 15,705 | $25.025 | $393K |
| Sale | Common Stock | 4,122 | $25.025 | $103K |
Holdings After Transaction:
Common Stock — 47,148 shares (Direct)
Footnotes (1)
- 28,269 shares are performance-based shares where the total number of shares granted were based on long term performance incentives. Shares purchased through the Gentex Corporation Employee Stock Purchase Plan, a Section 423(b) plan These shares vest 100% three years from grant award date.
FAQ
What insider transactions did Gentex (GNTX) executive Matthew Chiodo report?
Matthew Chiodo reported stock grants, tax-related share dispositions, and open-market sales of Gentex common stock. The filing shows performance-based awards, shares withheld to cover taxes, and open-market sales executed around $25 per share.
What Gentex (GNTX) stock awards did Matthew Chiodo receive?
Chiodo received 28,269 performance-based shares on February 17 and an additional 12,047 shares on February 19. The 28,269-share award was based on long-term performance incentives and is scheduled to vest 100% three years from the grant date.