Form 4: Garmin Executive Matthew Munn Sells Shares
SEC Form 4
Matthew Munn, a VP at Garmin, sold 6,167 registered shares on February 29, 2024, at a price of $137.351 per share.
Summary
- On February 29, 2024, Matthew Munn, a VP at Garmin, sold 6,167 registered shares of Garmin Ltd (GRMN) at $137.351 per share.
- Following the transaction, Munn directly owns 10,086 shares, which includes unvested shares acquired through restricted stock unit awards.
Sentiment
Score: 5
Explanation: This is a routine disclosure of a share sale by an executive, and doesn't inherently indicate positive or negative sentiment.
Industry Context
Executive share sales are a common occurrence and are often related to personal financial planning rather than a reflection of company performance.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, although it is a common practice.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of the share sale transaction. |
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