Form 4: Garmin Executive Matthew Munn Reports Stock Transactions
SEC Form 4 Filing
Matthew Munn, a VP at Garmin, reports the disposal of 923 registered shares to cover tax liabilities following the vesting of restricted stock units.
Summary
- On February 25, 2024, Matthew Munn, a VP at Garmin, disposed of 923 registered shares to cover tax liabilities.
- The shares were disposed of at a price of $135.51 per share.
- This transaction occurred following the vesting of 3,136 shares from previously granted restricted stock unit awards.
- After the transaction, Munn beneficially owns 16,253 shares, including 10,086 unvested shares acquired through prior 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 ownership, common in publicly traded companies like Garmin. It provides transparency to investors regarding insider transactions.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/25/2024 | Date of stock transaction: disposal of 923 shares. |
| 02/27/2024 | Date of signature by Attorney-in-Fact, Paul E. Cassat. |
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