XML 66 R51.htm IDEA: XBRL DOCUMENT v3.25.0.1
STOCK-BASED COMPENSATION PLANS - Narrative (Details)
1 Months Ended 12 Months Ended
May 31, 2022
shares
Dec. 31, 2024
USD ($)
plan
shares
Dec. 31, 2023
USD ($)
shares
Dec. 31, 2022
USD ($)
shares
Jun. 30, 2022
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Award expiration period   2 years 4 months 24 days 2 years 10 months 24 days 3 years 1 month 6 days  
Granted (in shares)   1,189,000 1,027,000 949,000  
Omnibus Incentive Plan          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Shares approved (in shares)   45,000,000      
Shares issued under plan (in shares)   30,663,754      
Awards granted net of shares from canceled/expired options (in shares)   5,044,379      
Maximum restricted period   10 years      
Granted (in shares)   5,290,546      
Shares outstanding (in shares)   3,174,624      
Employee Stock Option Plan          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Shares approved (in shares)   24,000,000      
Awards granted net of shares from canceled/expired options (in shares)   12,674,639      
Unrecognized compensation cost | $   $ 5,022,501      
Weighted-average period for unrecognized compensation cost expected to be recognized   1 year 3 months 25 days      
Employee Stock Option Plan | Minimum          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Award vesting period   1 year      
Award expiration period   5 years      
Employee Stock Option Plan | Maximum          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Award vesting period   5 years      
Award expiration period   10 years      
Restricted Stock Plan          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Shares approved (in shares)   9,000,000      
Unrecognized compensation cost | $   $ 53,315,524      
Granted (in shares)   5,630,019      
Restricted compensation expense | $   $ 25,819,690 $ 24,809,834 $ 21,773,179  
Stock Compensation Plan          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Number of plans | plan   2      
Employee Stock Option          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Number of plans | plan   2      
Stock option expense | $   $ 5,070,620 6,095,854 6,302,581  
Performance Shares          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Unrecognized compensation cost | $   11,767,729      
Stock option expense | $   $ 5,884,030 5,882,458 1,246,369  
Performance Share Awards          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Award vesting period   4 years      
Stock option expense | $   $ 1,800,429 1,526,983    
Employee Stock Purchase Plan          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Number of plans | plan   2      
Shares approved (in shares)         2,000,000
Employee Stock Purchase Plan | Gentex Corporation Employee Stock Purchase Plan          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Shares approved (in shares) 2,000,000        
Stock option expense | $   $ 964,594 $ 882,294 $ 906,478  
ESPP discount rate 85.00%        
Discount recognized as compensation expense 15.00%