Ryan Scott P 4
Research Summary
AI-generated summary
Gentex (GNTX) General Counsel Ryan Scott Receives Awards and Sells Shares
What Happened
- Ryan Scott, General Counsel of Gentex Corporation, was granted stock awards and concurrently disposed of shares on Feb 17, 2026. He received two awards totaling 36,782 shares (25,782 on Feb 17 and 11,000 on Feb 19) reported as acquisitions at $0.00.
- On Feb 17 he had share dispositions: 14,399 shares were surrendered (tax withholding/payment) at $24.89 each for $358,391, and 9,024 shares were sold in open market transactions at $24.73 each for $223,165. Total proceeds from the dispositions were about $581,556.
- Awards are acquisitions (company grants) rather than purchases — not necessarily a bullish personal purchase — while the sales appear to be routine withholding and open-market sales.
Key Details
- Transaction dates and prices:
- 2026-02-17: Award 25,782 shares @ $0.00 (grant)
- 2026-02-17: Withholding/payment 11,492 shares @ $24.89 ($286,036)
- 2026-02-17: Withholding/payment 2,907 shares @ $24.89 ($72,355)
- 2026-02-17: Open-market sale 7,145 shares @ $24.73 ($176,697)
- 2026-02-17: Open-market sale 1,879 shares @ $24.73 ($46,468)
- 2026-02-19: Award 11,000 shares @ $0.00 (grant)
- Total awarded: 36,782 shares. Total disposed: 23,423 shares for ≈ $581,556.
- Shares owned after the transactions: not provided in the supplied data.
- Footnotes from the filing:
- F1: 25,782 shares are performance-based grants tied to long-term incentives.
- F2: References shares purchased through the Gentex Employee Stock Purchase Plan (Section 423(b)).
- F3: Certain awarded shares vest 100% three years from the grant date.
- Filing timing: Transactions dated Feb 17, 2026; Form 4 filed Feb 19, 2026 — appears timely based on typical 2-business-day reporting rules.
Context
- The awards are grants (reported at $0.00) and at least part are performance-based and subject to vesting — these are compensation awards, not open-market buys.
- The disposals include tax withholding (shares surrendered to cover tax liabilities) and separate open-market sales; withholding and sales to cover taxes are common and often routine.
- This filing does not indicate insider intent or change in view of the company’s prospects — it documents compensation granted and routine disposals.