Form 4: Garmin Executive Chairman Min H. Kao Reports Charitable Gift of Shares
SEC Form 4 Filing
Executive Chairman of Garmin, Min H. Kao, reports gifting shares to a charitable organization, impacting his beneficial ownership.
Summary
- On August 20, 2024, Min H. Kao, the Executive Chairman of Garmin Ltd., reported a transaction involving registered shares.
- Kao gifted 23,350 shares to a charitable organization, resulting in a decrease in his directly held securities.
- Following the transaction, Kao's indirect beneficial ownership through children is 12,025,649 shares.
- Kao's indirect beneficial ownership through the M&F Trust is 6,267,896 shares.
- The transaction was executed under transaction code 'G', indicating a gift.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding a gift of shares. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and major shareholders. Charitable donations of stock are a common practice.
Key Dates
| Date | Description |
|---|---|
| 08/20/2024 | Date of the transaction (gift of shares) |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.