Director at GENTEX (NASDAQ: GNTX) receives 5,626-share stock grant in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BROWN LESLIE L reported acquisition or exercise transactions in this Form 4 filing.
GENTEX CORP director Leslie L. Brown received a grant of 5,626 shares of Common Stock, which vest 100% one year from the grant date. After this award, Brown directly holds 41,988 shares. This is a compensation-related equity grant rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BROWN LESLIE L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,626 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 41,988 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 5,626 shares
Grant price: $0.00 per share
Shares after transaction: 41,988 shares
3 metrics
Shares granted
5,626 shares
Equity grant to director Leslie L. Brown
Grant price
$0.00 per share
Reported transaction price for the award
Shares after transaction
41,988 shares
Total direct holdings after grant
Key Terms
Common Stock, Grant, award, or other acquisition, vest
3 terms
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
vest financial
"These shares vest 100% one year from grant award date."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did GENTEX CORP (GNTX) report for Leslie L. Brown?
GENTEX CORP reported that director Leslie L. Brown received a grant of 5,626 shares of Common Stock. The award was recorded at a price of $0.00 per share as part of compensation, not an open-market purchase.
Was the GENTEX CORP (GNTX) insider transaction an open-market buy or a compensation award?
The transaction is a compensation-related equity award, not an open-market purchase. It is coded as a grant or award acquisition, with 5,626 shares of Common Stock reported at $0.00 per share to director Leslie L. Brown.
Does the Form 4 for GENTEX CORP (GNTX) show any insider sales or disposals?
The Form 4 shows no insider sales or disposals for this period. It reports only a single acquisition transaction, a grant of 5,626 shares of Common Stock to director Leslie L. Brown as part of equity compensation.