Form 4: Garmin Executive Laurie A. Minard Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Laurie A. Minard, VP of Human Resources at Garmin Ltd, reports the acquisition and disposal of registered shares due to vested restricted stock units and tax liability coverage.
Summary
- On February 25, 2025, Laurie A. Minard, VP of Human Resources at Garmin Ltd, filed a Form 4 to report changes in beneficial ownership of Garmin shares.
- The report indicates that 1,464 shares vested from previously granted restricted stock unit awards and were paid to the reporting person.
- 677 shares were withheld to cover the resulting tax liability at a price of $226.04 per share.
- Following the transaction, Minard beneficially owns 5,278 registered shares, including 4,491 unvested shares acquired through previous restricted stock unit awards.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 02/25/2025 | Date of the transaction and filing of Form 4. |
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