Gentex director exercises options, sells shares
Gentex Corp director Richard O. Schaum exercised stock options and sold shares in a routine portfolio move.
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Form Type
4
Rhea-AI Filing Summary
Gentex Corp director Richard O. Schaum exercised stock options and sold shares in a routine portfolio move. He exercised options covering 7,000 shares of Common Stock at $15.74 per share and sold 4,815 Common shares in an open‑market sale at a weighted average price of $23.312.
Following these transactions, Schaum directly owns 81,443 Gentex Common shares. No remaining derivative option position is reported in this filing.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Schaum Richard O
Role
Director
Sold
4,815 shs ($112K)
Approx. gross sale proceeds
$112K
Approx. exercise cost
$110K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Employee Director Stock Option Plan | 7,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 7,000 | $15.74 | $110K |
| Sale | Common Stock | 4,815 | $23.312 | $112K |
Holdings After Transaction:
Non-Employee Director Stock Option Plan — 14,000 contracts (Direct);
Common Stock — 81,443 shares (Direct)
Footnotes (1)
- F1. This transaction was executed in multiple trades at prices ranging from $23.30 to $23.34. The price reported above reflects the weighted average price.
Key Figures
Shares sold: 4,815 shares
Sale price: $23.312 per share
Options exercised: 7,000 shares
+2 more
5 metrics
Shares sold
4,815 shares
Open-market sale of Gentex Common Stock
Sale price
$23.312 per share
Weighted average sale price across multiple trades
Options exercised
7,000 shares
Common shares acquired via option exercise
Option exercise price
$15.74 per share
Exercise price under Non-Employee Director Stock Option Plan
Shares owned after
81,443 shares
Direct Gentex Common Stock ownership post-transaction
Key Terms
open-market sale, derivative security, Non-Employee Director Stock Option Plan, exercise price, +1 more
5 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Non-Employee Director Stock Option Plan financial
"security_title": "Non-Employee Director Stock Option Plan""
exercise price financial
"conversion_or_exercise_price": "15.7400""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
weighted average price financial
"The price reported above reflects the weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Gentex (GNTX) director Richard O. Schaum report?
Richard O. Schaum reported exercising options for 7,000 Gentex Common shares and selling 4,815 shares in an open‑market transaction. These moves adjust his mix between derivative awards and directly held stock while keeping a substantial remaining position.
What stock options did the Gentex (GNTX) director exercise in this Form 4?
He exercised options under a Non‑Employee Director Stock Option Plan for 7,000 underlying Gentex Common shares at a $15.74 exercise price. The options originally became exercisable on November 19, 2016 and were scheduled to expire on May 19, 2026.
Was the Gentex (GNTX) director’s sale a single trade or multiple trades?
The reported sale was executed in multiple trades at prices ranging from $23.30 to $23.34 per share. The Form 4 discloses a weighted average sale price of $23.312 per share for the 4,815 Gentex Common shares sold.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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