v3.26.1
Stock-Based Compensation Plans (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Shares Issued, Net of Shares from Canceled/Expired Options and Restricted Share Award Activity The shares issued are presented net of shares from canceled/expired options and shares. From and after May 21, 2026, the date on which the shareholders approved the Gentex Corporation 2026 Omnibus Incentive Plan, no new Awards will be granted under the Gentex Corporation 2019 Omnibus Incentive Plan.
Shares GrantedConversion RateTotal Shares Under 2019 Omnibus Plan
Non-Qualified Stock Options4,472,871 1.004,472,871 
Restricted Stock6,634,145 4.0626,934,629 
Performance Shares1,746,458 4.067,090,619 
Total12,853,474 38,498,119 
The shares issued are presented net of shares from canceled/expired options and shares.
Shares GrantedConversion RateTotal Shares Under 2026 Omnibus Plan
Non-Qualified Stock Options51,691 1.0051,691 
Restricted Stock356,167 3.061,089,871 
Total407,858 1,141,562 
Schedule of Weighted-Average Assumptions
The fair value of each option grant was estimated on the date of grant using the Black-Scholes option pricing model with the following weighted-average assumptions for the indicated periods:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Dividend Yield (1)
1.72 %1.63 %1.71 %1.63 %
Expected volatility (2)
26.14 %24.85 %26.02 %25.23 %
Risk-free interest rate (3)
4.19 %3.79 %4.06 %3.88 %
Expected term of options (years) (4)
4.144.144.154.14
Weighted-avg. grant date fair value$5.93$4.87$5.47$5.11
1.Represents the Company’s estimated cash dividend yield over the expected term of option grant.
2.Amount is determined based on analysis of historical price volatility of the Company’s common stock. The expected volatility is based on the daily percentage change in the price of the stock over a period equal to the expected term of the option grant.
3.Represents the U.S. Treasury yield over the expected term of the option grant.
4.Represents the period of time that options granted are expected to be outstanding. Based on analysis of historical option exercise activity, the Company has determined that all employee groups exhibit similar exercise and post-vesting termination behavior.