In 2023, Steve Downing earned $2.69M in total compensation at Gentex, including $842.69K salary and $1.58M bonus. Most recently acquired 25,203 shares in Feb 2024. Currently holds stock worth $4.36M. Has donated $92.71K in stock to charitable causes. 7+ years at the helm of Gentex.
Compensation History
Annual executive compensation data for Steve Downing, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$2.69M
Salary
$842.69K
Bonus
$1.58M
Other
$273.91K
Salary
$842.69KBoard 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
$1.58MBoard Justification
Performance-based bonuses earned under the Annual Incentive Plan based on the achievement of performance metrics set forth therein.
Other Compensation
$273.91KBoard 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
Board Justification
No stock grants vested in 2023.
Performance Metrics
Revenue, Operating Income, and Earnings per Diluted Share.
Steve Downing
CEO of Gentex
Education
Bachelor's degree in Finance
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Consumer Cyclical
Born
January 1, 1978 - 47 years ago
CEO of Gentex for
7 years 11 months (Jan 2018 - Present)
Previous Experience
Various roles in the company since 2002
Other Gentex CEOs
Holdings
Track Steve Downing's stock holdings and portfolio value over time.
Total Stock Sold
$7.01M
$7.01M
251,207 GNTX shares
What if they kept their stock?
If Steve Downing didn't sell their stock, today they would have:
Extra GNTX251,207 shares worth $5.78M.
This is -17.5% and $1.23M less than what they got when they sold the stock.
Charitable Transactions
4,029 shares
GNTX
Recent Charitable Transactions
$125.70K
GNTX at $31.20/share
Dec 12, 2023
Charity
Insider Trading
Steve Downing's recent stock transactions, purchases, and sales filed with the SEC.
25,203 shares
GNTX
Feb 20, 2024
Received
29,150 shares
GNTX
Feb 15, 2024
Received
$125.70K
GNTX at $31.20/share
Dec 12, 2023
Charity
55,063 shares
GNTX
Feb 16, 2023
Received
$535.59K
GNTX at $30.21/share
Feb 2, 2023
Sale
$257.40K
GNTX at $25.74/share
Oct 31, 2022
Purchase
$1.79M
GNTX at $30.36/share
Feb 22, 2022
Sale
37,691 shares
GNTX
Feb 22, 2022
Received
27,863 shares
GNTX
Feb 17, 2022
Received
$1.21M
GNTX at $31.41/share
Feb 15, 2022
Sale
Rivals
Compare Steve Downing with competitor CEOs and industry peers.
David M. Foulkes
CEO of Brunswick
2023 Compensation
Stock
$0.00
Salary
$1.16M
Bonus
$0.00
Other
$389.62K
Total Holdings
$490.27K
Terrence R. Curtin
CEO of TE Connectivity
2023 Compensation
Stock
$0.00
Salary
$1.30M
Bonus
$2.08M
Other
$368.57K
Total Holdings
$2.18M
Mikael Bratt
CEO of Autoliv
2023 Compensation
Stock
$482.22K
Salary
$1.30M
Bonus
$0.00
Other
$594.52K
Total Holdings
$2.31M
Jan Carlson
CEO of Autoliv
2023 Compensation
Stock
$0.00
Salary
$1.30M
Bonus
$0.00
Other
$594.52K
Total Holdings
$181.73K
Kevin P. Clark
CEO of Aptiv
2019 Compensation
Stock
$19.78M
Salary
$1.42M
Bonus
$0.00
Other
$268.27K
Total Holdings
$42.25M