GENTEX CORP 10-K

Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. (a) The Company’s common stock trades on The Nasdaq Global Select Market ® under the symbol GNTX. As of February 1, 2022, there were 4,604 record-holders of the Company’s common stock and restricted stock. See Item 12 of Part III with respect to "Equity Compensation Plan Information", which is incorporated herein by reference. Stock Performance Graph: The following graph depicts the cumulative total return on the Company’s common stock compared to the cumulative total return on the Nasdaq Composite Index (all U.S. companies) and the Dow Jones U.S. Auto Parts Index (excluding tire and rubber makers). The graph assumes an investment of $100 on the last trading day of 2015 and reinvestment of dividends in all cases. In February 2022, the Company's Board of Directors approved a continuing resolution to pay a quarterly dividend at a rate of $0.120 per share until the board takes other action with respect to the payment of dividends. The Company intends to continue to pay a quarterly cash dividend and will consider future dividend rate adjustments based on the Company’s financial condition, profitability, cash flow, liquidity and other relevant business factors. (b) Not applicable. (c) The Company has in place and has announced a share repurchase plan. As previously disclosed, the Company may purchase authorized shares of its common stock under the plan based on a number of factors, including: market, economic, and industry conditions; the market price of the Company's common stock; anti- 19 dilutive effect on earnings; available cash; and other factors that the Company deems appropriate. The plan does not have an expiration date, but the Board of Directors reviews such plan periodically. The following is a summary of share repurchase activity during 2021: Issuer Purchase of Equity Securities Period Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased As Part of a Publicly Announced Plan* Maximum Number of Shares That May Yet Be Purchased Under the Plan* January 2021 — $ — — 9,419,266 February 2021 1,005,009 35.27 1,005,009 8,414,257 March 2021 1,750,056 35.57 1,750,056 6,664,201 April 2021 250,000 35.66 250,000 6,414,201 May 2021 1,175,144 34.90 1,175,144 30,239,057 June 2021 1,985,987 33.23 1,985,987 28,253,070 July 2021 290,000 33.16 290,000 27,963,070 August 2021 1,490,462 32.16 1,490,462 26,472,608 September 2021 1,050,388 31.44 1,050,388 25,422,220 October 2021 — — — 25,422,220 November 2021 — — — 25,422,220 December 2021 598,152 34.18 598,152 24,824,068 Total 9,595,198 9,595,198 * See above paragraph with respect to the publicly announced share repurchase plan Item 6. [Reserved] 20