Form 4: Garmin Executive Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Andrew R. Etkind, VP, General Counsel, and Secretary of Garmin Ltd, reports transactions involving registered shares, including tax withholding and gifting to family members.
Summary
- Andrew R. Etkind, a VP, General Counsel, and Secretary at Garmin Ltd, filed a Form 4 detailing changes in beneficial ownership.
- On February 25, 2024, 1,320 registered shares were disposed of at a price of $135.51 due to tax liability from vested restricted stock units.
- On February 26, 2024, 270 registered shares were gifted, with a price of $0.
- Following these transactions, Etkind beneficially owns 73,006 registered shares, including 7,700 unvested shares acquired through restricted stock unit awards.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, reflecting neutral sentiment as it reports transactions without expressing any opinion or outlook.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their impact on stock ownership.
Related Party Transactions
- 270 shares were gifted to members of the reporting person's family.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine stock management by an executive.
Key Dates
| Date | Description |
|---|---|
| 02/25/2024 | 1,320 registered shares disposed of to cover tax liability. |
| 02/26/2024 | 270 registered shares gifted to family members. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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