Gentex (GNTX) director Billy Pink receives 5,626-share equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pink Billy reported acquisition or exercise transactions in this Form 4 filing.
GENTEX CORP director Billy Pink reported receiving an equity award of 5,626 shares of Common Stock. The award was granted at a stated price of $0.00 per share as a compensation grant. According to the footnote, these shares vest 100% one year from the grant award date. Following this award, Pink directly holds 15,329 shares of Gentex common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pink Billy
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,626 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 15,329 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 5,626 shares
Grant price per share: $0.00 per share
Shares after transaction: 15,329 shares
+1 more
4 metrics
Shares granted
5,626 shares
Common Stock award to director Billy Pink
Grant price per share
$0.00 per share
Stated transaction price for awarded shares
Shares after transaction
15,329 shares
Direct holdings of Billy Pink following the award
Vesting schedule
100% after one year
Award vests 100% one year from grant date
Key Terms
Common Stock, Grant, award, or other acquisition, vest
3 terms
Common Stock financial
"Billy Pink reported receiving an equity award of 5,626 shares of 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
"The transaction code description is “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 did Gentex (GNTX) director Billy Pink report in this Form 4?
Director Billy Pink reported receiving an equity award of 5,626 shares of Gentex Common Stock. The shares were granted as a compensation award, not bought in the open market, and increase his directly held position to 15,329 shares after the transaction.
Is Billy Pink’s Gentex (GNTX) transaction an open-market buy or a compensation grant?
The transaction is a compensation-related grant, coded as “A” for grant, award, or other acquisition. It is not an open-market purchase, and the Form 4 indicates a transaction price of $0.00 per share for the 5,626 granted shares.
Does this Gentex (GNTX) Form 4 show any stock sales by Billy Pink?
No stock sales are reported. The Form 4 only shows an acquisition via a grant of 5,626 shares of Common Stock and no dispositions. The transaction summary indicates one acquisition event and zero sales or other types of dispositions.