Form 4: Garmin CEO Gifts Shares to Charity

Garmin Ltd. President and CEO, Clifton A. Pemble, gifted 2,742 shares of company stock to a charitable organization.

Summary

• Clifton A. Pemble, President and CEO, and a Director of Garmin Ltd. (GRMN), reported a change in beneficial ownership.
• On December 10, 2025, Pemble disposed of 2,742 Registered Shares through a gift to a charitable organization.
• The transaction price for these shares was $0.
• Following this transaction, Pemble beneficially owns 138,964 shares of Garmin Ltd.
• This total includes 74,367 unvested shares acquired pursuant to previously granted restricted stock unit awards and 80 shares acquired in June 2025 under the Garmin Ltd. Employee Stock Purchase Plan.

Sentiment

Score: 6

Explanation: The filing reports a charitable gift of shares by the CEO, which is generally viewed positively, though it's a minor transaction in the context of overall company performance or executive holdings. It does not contain any negative operational or financial news.

Positives

• The transaction represents a charitable contribution by the President and CEO, which can reflect positively on corporate social responsibility.
• The CEO retains a substantial beneficial ownership of 138,964 shares, indicating continued alignment with shareholder interests.

Negatives

• A slight reduction in direct beneficial ownership of common stock by a key executive, though the amount is minor relative to total holdings.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Management Comments

• Shares gifted to a charitable organization.

Industry Context

This Form 4 filing details an individual insider transaction and does not provide information relevant to broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: Minimal impact due to the small number of shares gifted relative to total outstanding shares and the CEO's remaining holdings.
• Charitable Organization: Positive impact from receiving the gifted shares.
• Employees: No direct impact mentioned, though the mention of the Employee Stock Purchase Plan highlights existing employee benefits.

Key Dates

Keywords

Garmin, GRMN, Clifton A. Pemble, Insider Transaction, Form 4, Share Gift, CEO, Beneficial Ownership, Charitable Donation