XML 55 R45.htm IDEA: XBRL DOCUMENT v3.24.3
Stock-Based Compensation Plans - Narrative (Details)
1 Months Ended 3 Months Ended 9 Months Ended
Jun. 30, 2022
shares
May 31, 2022
shares
Sep. 30, 2024
USD ($)
plan
shares
Sep. 30, 2023
USD ($)
Sep. 30, 2024
USD ($)
plan
shares
Sep. 30, 2023
USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Compensation expense for share-based payments | $     $ 9,590,588 $ 10,948,031 $ 31,042,268 $ 29,212,236
Employee Stock            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Shares issued under the omnibus plan (in shares)         1,624,122  
Number of shares authorized (in shares) 2,000,000          
ESPP discount rate 85.00%          
ESPP discount rate recognized as compensation expense 15.00%          
Omnibus Incentive Plan            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Total grants in period (in shares)         11,109,647  
Shares issued under the omnibus plan (in shares)         29,672,008  
Number of shares authorized (in shares)     45,000,000   45,000,000  
Employee Stock Option Plan            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Unrecognized compensation cost | $     $ 5,834,690   $ 5,834,690  
Employee Stock Option Plan | Minimum            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Option vesting period         1 year  
Option expiration period         5 years  
Employee Stock Option Plan | Maximum            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Option vesting period         5 years  
Option expiration period         10 years  
Restricted Stock Plan            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Unrecognized compensation cost | $     52,836,541   $ 52,836,541  
Restricted period, maximum         10 years  
Amortization expense | $     $ 5,915,930 6,369,348 $ 19,487,110 18,178,157
Gentex Corporation Employee Stock Purchase Plan | Employee Stock            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Shares issued under the omnibus plan (in shares)         442,718  
Number of shares authorized (in shares)   2,000,000        
ESPP discount rate   85.00%        
ESPP discount rate recognized as compensation expense   15.00%        
Equity Incentive Plans            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Number of plans | plan     2   2  
Performance Shares            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Compensation expense for share-based payments | $     $ 1,573,201 2,463,158 $ 5,369,466 4,600,386
Unrecognized compensation cost | $     15,768,739   $ 15,768,739  
Performance Shares | Omnibus Incentive Plan            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Shares issued under the omnibus plan (in shares)         4,127,603  
Performance Share Awards            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Compensation expense for share-based payments | $     $ 453,393 $ 441,115 $ 1,342,032 $ 1,082,333
Option vesting period         4 years