Gentex (NASDAQ: GNTX) director receives 5,626-share stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WALKER BRIAN C reported acquisition or exercise transactions in this Form 4 filing.
GENTEX CORP director Brian C. Walker received a stock award of 5,626 shares of common stock as equity compensation. The shares were granted at no cash cost and will vest 100% one year from the grant award date. Following this award, Walker directly holds 29,831 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WALKER BRIAN C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,626 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 29,831 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Stock award size: 5,626 shares
Grant price per share: $0.00 per share
Shares after transaction: 29,831 shares
+1 more
4 metrics
Stock award size
5,626 shares
Common Stock grant to director Brian C. Walker
Grant price per share
$0.00 per share
Equity compensation award, no cash paid
Shares after transaction
29,831 shares
Total common shares directly held after award
Vesting schedule
100% after one year
Newly granted shares vest one year from grant date
Key Terms
Grant, award, or other acquisition, Common Stock, vest 100% one year from grant award date
3 terms
Grant, award, or other acquisition financial
"Transaction code description is “Grant, award, or other acquisition” for the 5,626 shares."
Common Stock financial
"The security title for the transaction is listed as 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.
vest 100% one year from grant award date financial
"Footnote states these shares vest 100% one year from grant award date."
FAQ
What did Gentex (GNTX) director Brian C. Walker report in this Form 4?
Brian C. Walker reported receiving a stock award of 5,626 Gentex common shares. This is an equity compensation grant, not an open-market purchase, and increases his direct holdings to 29,831 shares after the transaction.
Was the Gentex (GNTX) Form 4 transaction a stock purchase or a grant?
The Form 4 shows a grant or award acquisition of 5,626 Gentex common shares, coded as an “A” transaction. Walker did not pay cash for these shares; they were issued as compensation and classified as a non-derivative equity award.
What does transaction code “A” mean in the Gentex (GNTX) Form 4 for Brian C. Walker?
Transaction code “A” on the Form 4 indicates a grant, award, or other acquisition of stock. For Brian C. Walker, it represents a compensatory grant of 5,626 Gentex common shares, not an open-market buy or sell transaction.