| Schedule of Earnings Per Share Basic and Diluted |
The following table sets forth the computation of basic and diluted net income per common share under the two-class method for the three months ended March 31, 2026 and 2025: | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | | | 2026 | | 2025 | | Basic Earnings Per Share | | | | | | | | | Net Income Attributable to Gentex Corporation | | | | | $ | 98,455,143 | | | $ | 94,874,045 | | | Less: Dividends and undistributed earnings allocated to participating securities | | | | | 1,561,473 | | | 1,340,760 | | | Net Income available to common shareholders | | | | | $ | 96,893,670 | | | $ | 93,533,285 | | | | | | | | | | | Basic weighted average shares outstanding | | | | | 211,453,867 | | | 223,522,686 | | | Net Income per share - Basic | | | | | $ | 0.46 | | | $ | 0.42 | | | | | | | | | | | Diluted Earnings Per Share | | | | | | | | | Allocation of Net Income used in basic computation | | | | | $ | 96,893,670 | | | $ | 93,533,285 | | | Reallocation of undistributed earnings | | | | | 10 | | | 163 | | | Net Income available to common shareholders - Diluted | | | | | $ | 96,893,680 | | | $ | 93,533,448 | | | | | | | | | | | Number of shares used in basic computation | | | | | 211,453,867 | | | 223,522,686 | | | Additional weighted average dilutive common stock equivalents | | | | | 1,873 | | | 39,035 | | | Diluted weighted average shares outstanding | | | | | 211,455,740 | | | 223,561,721 | | | | | | | | | | | Net Income per share - Diluted | | | | | $ | 0.46 | | | $ | 0.42 | | | | | | | | | | | Shares related to stock plans not included in diluted average common shares outstanding because their effect would be anti-dilutive | | | | | 2,877,663 | | | 3,141,060 | |
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