DEUR GARTH 4
Research Summary
AI-generated summary
Gentex Director Garth Deur Receives 5,626-Share Award
What Happened
- Garth Deur, a director of Gentex Corp (GNTX), was granted 5,626 shares on May 21, 2026. The Form 4 reports the acquisition as an award (transaction code A) at $0.00 (no cash paid). The award is a grant of restricted/company stock rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-21; filing date: 2026-05-22 (timely).
- Reported acquisition: 5,626 shares at $0.00 (award/grant).
- Shares owned after transaction: not specified in this filing.
- Footnote: These shares vest 100% one year from the grant award date (per footnote F1).
- No 10b5-1 plan, sale, or tax-withholding event reported in this filing.
Context
- This was a compensation award that vests in one year. Form 4 commonly reports $0 for such grants because no cash changed hands at grant; the market value will depend on Gentex’s share price when vested or sold.
- Awards are standard executive/director compensation and do not necessarily indicate immediate buying or selling activity. The shares are subject to the stated vesting condition before becoming fully owned and marketable.
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