Form 4: Garmin CFO Douglas G. Boessen Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Garmin CFO Douglas G. Boessen reports the acquisition and disposal of registered shares due to the vesting of restricted stock units and subsequent tax liability coverage.
Summary
- On February 25, 2025, Garmin CFO and Treasurer Douglas G. Boessen reported changes in beneficial ownership of Garmin Ltd. shares.
- The report details the acquisition of 6,216 shares through the vesting of previously granted restricted stock units.
- 2,725 shares were withheld to cover the resulting tax liability at a price of $226.04 per share.
- Following the transaction, Boessen directly owns 33,699 registered shares, which includes 17,947 unvested shares acquired through prior restricted stock unit awards.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company. This filing indicates activity related to equity compensation.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects the standard vesting and tax-related disposal of shares by a company executive.
Key Dates
| Date | Description |
|---|---|
| 02/25/2025 | Date of the transaction involving the acquisition and disposal of shares. |
| 02/27/2025 | Date of signature for the Form 4 filing. |
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