Form 4: Garmin Director Charles Peffer Reports Share Transaction
SEC Form 4 Filing
Director Charles Peffer reports a transaction involving Garmin Ltd. shares on June 7, 2024, where shares were withheld to cover tax liabilities following the vesting of restricted stock units.
Summary
- On June 7, 2024, Garmin Ltd. Director Charles Peffer had 376 registered shares disposed of at a price of $163.26.
- This transaction was due to the withholding of shares to cover tax liabilities resulting from the vesting of restricted stock units.
- Following the reported transaction, Peffer beneficially owns 28,657 registered shares.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, which is neutral in sentiment.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard procedure for covering tax obligations related to vested stock.
Key Dates
| Date | Description |
|---|---|
| 06/09/2023 | 1,501 shares were acquired pursuant to an award of restricted stock units. |
| 06/07/2024 | 376 shares were disposed of to cover tax liabilities. |
| 06/10/2024 | Date of signature for the report. |
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