GENTEX CORP
For the period ended Mar 31, 2026. Filed May 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 6, 2026
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
(c) Issuer Purchase of Equity Securities
The Company has a previously announced share repurchase plan under which the Board of Directors has authorized the repurchase of shares of the Company's common stock, which remains a part of the broader publicly disclosed capital allocation strategy. During the first three months of 2026, the Company repurchased 3.3 million shares under the share repurchase plan. As previously disclosed, the Company will consider the appropriateness of continuing to repurchase additional shares of common stock in the future in support of the capital allocation strategy, but share repurchases will vary from time to time and will take into account macroeconomic events, market trends, and other factors the Company deems appropriate (including the market price of the stock, anti-dilutive effect of repurchases, and available cash).
After the Company repurchased 3,252,696 shares during the first three months of 2026, the Company had 32,747,032 shares remaining under the plan as of March 31, 2026.
The following is a summary of share repurchase activity during each month of the three-month period ended March 31, 2026:
| Issuer Purchase of Equity Securities | ||||
|---|---|---|---|---|
| Period | Total Number of Shares Purchased (1) | WeightedAverage Price Paid Per Share | Total Number of Shares Purchased As Part of a Publicly Announced Plan or Program | Maximum Number of Shares That May Yet Be Purchased Under the Plan or Program |
| January 2026 | — | $— | — | 35,862,308 |
| February 2026 | 212,421 | $24.42 | 75,001 | 35,787,307 |
| March 2026 | 3,040,275 | $21.85 | 3,040,275 | 32,747,032 |
| 1st Quarter 2026 Total | 3,252,696 | $22.01 | 3,115,276 | |
| 2026 Total | 3,252,696 | 3,115,276 | 32,747,032 | |
| (1) In the first quarter of 2026, the Company acquired 137,420 shares of common stock withheld for settlement of payroll taxes related to stock-based compensation awards that vested during the quarter for eligible employees. These shares were acquired at an average price of $24.89 per share for a total purchase price of $3.4 million. | ||||
As of March 31, 2026, the Company has repurchased 179,390,116 shares at a total cost of $3,343,432,285 under its share repurchase plan or as otherwise previously disclosed.
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