Form 4: Garmin CFO Douglas Boessen Sells Shares Under 10b5-1 Trading Plan

Garmin CFO Douglas G. Boessen sold a portion of his registered shares on February 28, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On February 28, 2025, Douglas G. Boessen, CFO and Treasurer of Garmin Ltd., sold registered shares of the company.
• The sales were executed under a Rule 10b5-1 trading plan adopted on August 12, 2024.
• A total of 2,763 shares were sold in multiple transactions at prices ranging from $224.55 to $228.01.
• The weighted average sale prices for the transactions were $225.2555, $226.0486, $227.1258, and $227.8747.
• Following the reported transactions, Boessen beneficially owns 30,936 registered shares, which includes 17,947 unvested shares acquired through restricted stock unit awards.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to insider trading. It doesn't inherently convey positive or negative sentiment, as it simply reports transactions.

Industry Context

This is a routine disclosure of insider trading activity. Insiders often use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

• The share sales by the CFO could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider information.

Key Dates