Form 4: Garmin Executive Matthew Munn Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Matthew Munn, EVP at Garmin, reports the acquisition and disposal of registered shares due to vested restricted stock units and tax liability coverage.
Summary
- Matthew Munn, an Executive Vice President at Garmin, filed a Form 4 to report changes in beneficial ownership of Garmin Ltd. shares.
- On February 25, 2025, 3,643 shares vested from previously granted restricted stock unit awards and were paid to Munn.
- 1,059 shares were withheld to cover the resulting tax liability at a price of $226.04 per share.
- Following the transaction, Munn directly owns 16,087 registered shares, which includes 11,270 unvested shares acquired through previous restricted stock unit awards.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders.
Stakeholder Impact
- Shareholders are informed about executive stock transactions, promoting transparency.
Key Dates
| Date | Description |
|---|---|
| 02/25/2025 | Date of transaction: vesting of restricted stock units and withholding of shares for tax liability. |
| 02/27/2025 | Date of signature on the Form 4 filing. |
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