Form 4: Garmin CFO Douglas G. Boessen Reports Share Transaction
SEC Form 4 Filing
Douglas G. Boessen, CFO and Treasurer of Garmin Ltd, reports the disposition of 2,147 registered shares to cover tax liabilities resulting from vested restricted stock units on February 25, 2024.
Summary
- On February 25, 2024, Douglas G. Boessen, the CFO and Treasurer of Garmin Ltd, reported a transaction involving the disposition of 2,147 registered shares.
- The shares were disposed of at a price of $135.51 per share to cover tax liabilities resulting from the vesting of previously granted restricted stock unit awards.
- Following the transaction, Boessen directly owns 35,627 shares, which includes 15,507 unvested shares acquired through previously granted restricted stock unit awards.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is a routine part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/25/2024 | Date of the share transaction where 2,147 shares were disposed of to cover tax liabilities. |
| 02/27/2024 | Date of signature for the Form 4 filing. |
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