Item 5. Market for Registrant’s Common Equity
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 January 31, 2025 , there were 3,931 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 2019 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-
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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 2024:
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 2024 90,006 $ 33.81 90,006 15,761,173
February 2024 510,247 35.31 510,247 15,250,926
March 2024 600,650 36.59 600,650 14,650,276
April 2024 60,087 34.80 60,087 14,590,189
May 2024 661,221 34.72 661,221 13,928,968
June 2024 681,359 34.12 681,359 13,247,609
July 2024 150,258 31.51 150,258 13,097,351
August 2024 1,792,167 30.01 1,792,167 11,305,184
September 2024 1,252,390 30.20 1,252,390 10,052,794
October 2024 — — — 10,052,794
November 2024 477,641 30.59 477,641 9,575,153
December 2024 125,755 30.36 125,755 9,449,398
Total 6,401,781 6,401,781
* See above paragraph with respect to the publicly announced share repurchase plan
Item 6. [Reserved]
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the is authoritative for anything you rely on.