Boehm Neil 4

What Happened
Neil Boehm, Chief Technology Officer of Gentex (GNTX), received two stock awards (31,993 and 14,953 shares) on Feb 17 and Feb 19, 2026, and on Feb 17 disposed of shares via both tax withholding and open-market sales. The disposals comprised 17,768 shares withheld/removed to satisfy tax liabilities at ~$24.89/share (≈$442,245) and 11,248 shares sold in the open market at ~$24.82/share (≈$279,175). Total award shares granted: 46,946; total shares disposed: 29,016; combined value of dispositions/withholdings ≈ $721,420. Grants were recorded at $0 per share (standard for awards).

Key Details

• Transaction dates and prices:
  • 2026-02-17: Award 31,993 shares @ $0.00 (performance-based award)
  • 2026-02-17: Tax withholding/disposition 14,160 shares @ $24.89 (≈ $352,442)
  • 2026-02-17: Open-market sale 8,916 shares @ $24.82 (≈ $221,295)
  • 2026-02-17: Tax withholding/disposition 3,608 shares @ $24.89 (≈ $89,803)
  • 2026-02-17: Open-market sale 2,332 shares @ $24.82 (≈ $57,880)
  • 2026-02-19: Award 14,953 shares @ $0.00
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnotes: Filing notes that 31,993 shares are performance-based (total based on long-term performance incentives) and that certain shares involve the Gentex Employee Stock Purchase Plan (Section 423). Another footnote states these shares vest 100% three years from the grant date.
• Filing timeliness: Report filed 2026-02-19 for transactions on 2026-02-17 — appears to be filed within the normal Form 4 timing window.

Context

• The combination of awards and immediate disposals/withholdings is common when shares vest or are issued: companies or insiders often have shares withheld or sold to cover tax obligations (a withholding or cashless mechanism) rather than paying cash. The grants increase potential future holdings subject to vesting (notably a 3-year vest for the performance award), while the sales/withholdings on Feb 17 represent routine disposition to cover taxes or to monetize a portion of equity. These actions are factual disclosures and do not by themselves indicate the insider’s long-term view.