Form 4: Garmin CFO Sells Over 1,800 Shares Under Pre-Arranged Trading Plan

Garmin Ltd.'s Chief Financial Officer and Treasurer, Douglas G. Boessen, sold 1,859 registered shares of the company's stock for $215 per share on July 3, 2025, as part of a pre-established Rule 10b5-1 trading plan.

Summary

• Douglas G. Boessen, Garmin Ltd.'s CFO and Treasurer, disposed of 1,859 registered shares.
• The transaction occurred on July 3, 2025, at a price of $215 per share.
• This sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Boessen on March 3, 2025.
• Following this transaction, Mr. Boessen beneficially owns 29,146 shares of Garmin Ltd.
• His remaining beneficial ownership includes 17,947 unvested shares from previously granted restricted stock unit awards and 69 shares acquired in June 2025 through the Garmin Ltd. Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: Neutral. While an insider sale can sometimes be viewed negatively, the fact that it was conducted under a Rule 10b5-1 trading plan mitigates concerns, as it indicates a pre-scheduled transaction not based on new, non-public information.

Positives

• The sale was conducted under a Rule 10b5-1 trading plan, indicating a pre-scheduled transaction not based on new, non-public information.

Negatives

• A key executive, the CFO, sold a portion of his holdings, which could be interpreted by some investors as a lack of confidence, despite the pre-planned nature of the sale.

Risks

• Potential negative investor sentiment due to an insider sale, although mitigated by the Rule 10b5-1 plan which suggests the sale was pre-scheduled and not based on immediate, non-public information.

Future Outlook

No forward-looking statements or guidance are provided in this insider trading report.

Industry Context

This Form 4 filing is specific to an individual executive's stock transaction and does not provide information related to broader industry trends or competitive landscape.

Related Party Transactions

• This document details an insider transaction, specifically the sale of shares by a key executive, Douglas G. Boessen, to the open market. While not a direct related-party transaction in the sense of a deal between the company and a related entity, it is a transaction involving a related party (an insider).

Stakeholder Impact

• Shareholders may interpret the CFO's sale of shares, even under a 10b5-1 plan, as a signal regarding the company's future prospects, potentially influencing their investment decisions.

Key Dates

Keywords

Garmin, GRMN, SEC Form 4, Insider Trading, Stock Sale, CFO, Douglas G. Boessen, 10b5-1 Plan, Executive Compensation, Share Ownership