Steve Downing has been steering Gentex Corporation since January 2018. With a solid education background in finance, he has built an impressive career at Gentex, starting in 2002. Known for his practical approach, he rose through the ranks from various...

Number of Employees

5.47K

Year

2023

Total Compensation

$2.69M

Salary

$842.69K

Board Justification

The compensation program is designed to balance short-term performance with long-term growth and value creation, aligning with competitive compensation arrangements and rewarding performance.

Bonus

$1.58M

Board Justification

Performance-based bonuses earned under the Annual Incentive Plan based on the achievement of performance metrics set forth therein.

Other

$273.91K

Board Justification

Includes RS dividends, PSA deemed dividends, matching contributions by the Company pursuant to its 401(k) Plan, matching contributions by the Company pursuant to its Deferred Compensation Plan, and the use of Company automobiles or reimbursement for the use of personal automobiles.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock grants vested in 2023.

Performance Metrics

Revenue, Operating Income, and Earnings per Diluted Share.

SEC Filing

From April 4, 2024