Form 4: Garmin Executive Danny J. Bartel Reports Share Transactions

Garmin's VP of Global Consumer Sales, Danny J. Bartel, reported the vesting of restricted stock units and subsequent tax withholding, along with other share acquisitions.

Summary

• Danny J. Bartel, VP of Global Consumer Sales at Garmin, reported transactions involving company shares.
• On December 15, 2024, 2,747 restricted stock units vested, with 848 shares withheld to cover tax obligations.
• Following these transactions, Bartel directly owns 105,649 shares and indirectly owns 116,110 shares through a 401(k) plan.
• The reported transactions also include shares acquired through an employee stock purchase plan and a dividend reinvestment plan.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock transactions by an executive, with no indication of positive or negative sentiment.

Industry Context

This is a routine filing related to executive compensation and stock ownership, common in publicly traded companies like Garmin.

Comparison to Industry Standards

• The vesting of restricted stock units and subsequent tax withholding is a standard practice for executive compensation in publicly traded companies.
• Employee stock purchase plans and dividend reinvestment plans are also common benefits offered by companies like Garmin to their employees.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and stock ownership changes.

Key Dates

Keywords

Garmin, stock, shares, restricted stock units, insider trading, Form 4, vesting, employee stock purchase plan, dividend reinvestment plan