Form 4: Garmin Executive Susan Lyman Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Susan Lyman, VP of Global Consumer Marketing at Garmin Ltd, reported disposing of shares to cover tax liabilities resulting from vested restricted stock units.
Summary
- On February 25, 2025, Susan Lyman, VP of Global Consumer Marketing at Garmin Ltd, disposed of 735 registered shares to cover tax obligations.
- The disposal was a result of 2,422 shares vesting from previously granted restricted stock unit awards.
- The shares were sold at a price of $226.04 per share.
- Following the transaction, Lyman directly owns 11,261 registered shares and indirectly owns 52.14 shares through a 401(k) plan.
- The report also mentions that Lyman holds 7,583 unvested shares acquired through previously granted restricted stock unit awards.
Sentiment
Score: 5
Explanation: The document reflects a neutral event (tax obligation) and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard transaction related to the vesting of stock awards and the subsequent payment of taxes.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/25/2025 | Date of transaction: Disposal of shares to cover tax liability. |
| 02/27/2025 | Date of signature on the Form 4 filing. |
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