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, 2023, there were 4,671 record-holders of the Company’s common stock and restricted common 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 2017 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- 20 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 2022: 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 2022 — $ — — 24,824,068 February 2022 490,021 30.63 490,021 24,334,047 March 2022 1,950,169 28.84 1,950,169 22,383,878 April 2022 — — — 22,383,878 May 2022 — — — 22,383,878 June 2022 — — — 22,383,878 July 2022 150,110 27.80 150,110 22,233,768 August 2022 300,135 28.04 300,135 21,933,633 September 2022 400,061 24.17 400,061 21,533,572 October 2022 — — — 21,533,572 November 2022 — — — 21,533,572 December 2022 750,407 27.17 750,407 20,783,165 Total 4,040,903 4,040,903 * See above paragraph with respect to the publicly announced share repurchase plan Item 6. [Reserved] 21