Form 4: Gentex Corp Director Richard O. Schaum Acquires Shares
SEC Form 4 Filing
Director Richard O. Schaum acquired 3,764 shares of Gentex Corp common stock on May 16, 2024, which vest one year from the grant date.
Summary
- On May 16, 2024, Richard O. Schaum, a director of Gentex Corp, acquired 3,764 shares of common stock.
- The acquisition was made at a price of $0.00 per share.
- Following the transaction, Schaum directly owns 66,319 shares of Gentex Corp.
- The acquired shares vest 100% one year from the grant award date.
Sentiment
Score: 5
Explanation: The document is a neutral report of a transaction. It doesn't inherently convey positive or negative sentiment.
Positives
- The acquisition of shares by a director may signal confidence in the company's future prospects.
Industry Context
This is a routine disclosure of insider trading activity, which is common in publicly traded companies.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 08/20/2020 | Date of Power of Attorney execution. |
| 05/16/2024 | Date of transaction: Richard O. Schaum acquired shares of Gentex Corp common stock. |
| 05/17/2024 | Date of signature for the Form 4 filing. |
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