DESPITE THE STRUGGLES OF the U.S. auto industry, rearview-mirror supplier Gentex (ticker: GNTX) has climbed to near a two-year high. Now the company’s founder and chief executive is leaving some shares behind, having sold $6.8 million’s worth in recent days.
Fred Bauer sold 362,500 Gentex shares at an average price of $18.76 each on Feb. 11 and 12. After the sales, he held 5.6 million shares directly and through exercisable options, a 4.1% stake in the company, down from about six million shares, a 4.3% stake.
Gentex did not return a call seeking comment on the …
http://online.barrons.com/article/SB126645091849247467.html
http://www.form4oracle.com/company/gentex-corp-gntx?id=1289
Advertisements
