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, 2024, there were 5,005 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 2018 and reinvestment of dividends in all cases. In February 2022, the Board 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 2023: 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 2023 — $ — — 20,783,165 February 2023 46,835 28.58 46,835 20,736,330 March 2023 1,000,091 27.12 1,000,091 19,736,239 April 2023 — — — 19,736,239 May 2023 400,062 26.78 400,062 19,336,177 June 2023 520,312 27.64 520,312 18,815,865 July 2023 — — — 18,815,865 August 2023 210,525 32.51 210,525 18,605,340 September 2023 565,963 32.38 565,963 18,039,377 October 2023 150,127 28.76 150,127 17,889,250 November 2023 1,296,575 30.45 1,296,575 16,592,675 December 2023 741,496 31.70 741,496 15,851,179 Total 4,931,986 4,931,986 * See above paragraph with respect to the publicly announced share repurchase plan Item 6. [Reserved] 21