Chiodo Matthew 4

What Happened
Matthew Chiodo, Vice President of Sales at Gentex (GNTX), reported multiple transactions on Feb 17–19, 2026. He received two awards totaling 40,316 shares (28,269 on 2026-02-17 and 12,047 on 2026-02-19) at $0.00 (compensation awards). On 2026-02-17 he disposed of 35,578 shares in two ways: 15,751 shares were withheld/used to pay tax or exercise obligations (codes F) valued at about $392,042, and 19,827 shares were sold in the open market (codes S) at $25.02 for proceeds of about $496,171. Total proceeds from dispositions were roughly $888,213.

Key Details

• Transaction dates and prices:
  • Awards: 28,269 shares on 2026-02-17 @ $0.00; 12,047 shares on 2026-02-19 @ $0.00.
  • Tax-withholding/cover (F): 12,564 shares @ $24.89 ($312,718) and 3,187 shares @ $24.89 ($79,324).
  • Open-market sales (S): 15,705 shares @ $25.02 ($393,018) and 4,122 shares @ $25.02 ($103,153).
• Totals: ~40,316 shares acquired (awards); ~35,578 shares disposed; ~ $888,213 total proceeds from disposals.
• Shares owned following these transactions: not specified in the provided filing excerpt.
• Footnotes from filing:
  • F1: 28,269 shares are performance-based and tied to long-term performance incentives.
  • F2: Mentions shares purchased through Gentex’s Employee Stock Purchase Plan (Section 423(b)).
  • F3: Some shares vest 100% three years from the grant date.
• Filing timeliness: filing date 2026-02-19 for transactions reported 2026-02-17; no late-filing flag noted in the summary provided.

Context

• The transactions include awards (A) — compensation grants — and both tax-withholding (F) and open-market sales (S). Tax-withheld dispositions typically reflect shares surrendered to satisfy withholding obligations, not an independent market sell decision. Open-market sales generated cash proceeds of roughly $496K. Performance-based awards depend on long-term metrics and some awarded shares appear subject to a three-year vesting schedule.