Form 4: Garmin CFO Douglas Boessen Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Garmin CFO Douglas G. Boessen sold a total of 5,267 registered shares of Garmin Ltd. on February 27, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On February 27, 2024, Douglas G. Boessen, CFO and Treasurer of Garmin Ltd., sold 4,923 registered shares at a weighted average price of $134.5224.
- He also sold an additional 344 registered shares at a weighted average price of $135.1399 on the same day.
- These transactions were executed under a Rule 10b5-1 trading plan adopted on November 7, 2023.
- Following these transactions, Boessen directly owns 30,360 registered shares, which includes 15,507 unvested shares acquired through restricted stock unit awards.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to insider trading. It doesn't inherently convey positive or negative sentiment, as the transactions were pre-planned.
Industry Context
Insider transactions are routinely monitored by investors as they can provide signals, though sales under 10b5-1 plans are less informative since they are pre-planned.
Key Dates
| Date | Description |
|---|---|
| 2023-11-07 | Date of adoption of Rule 10b5-1 trading plan |
| 2024-02-27 | Date of share sale transactions |
| 2024-02-28 | Date of Form 4 filing |
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