Form 4: Garmin Executive Susan Lyman Reports Stock Transactions
SEC Form 4 Filing
Susan Lyman, VP of Global Consumer Marketing at Garmin Ltd, reported the sale and acquisition of registered shares, including shares withheld for tax liability upon vesting of restricted stock units.
Summary
- Susan Lyman, a VP at Garmin Ltd, filed a Form 4 detailing changes in beneficial ownership of Garmin shares.
- On February 25, 2024, 623 shares were disposed of at a price of $135.51 to cover tax liabilities related to vested restricted stock units.
- On February 26, 2024, 2,587 shares were sold at $135.182 per share.
- Lyman indirectly owns 51.4263 registered shares through a 401(k) plan.
- Following these transactions, Lyman directly owns 7,174 registered shares, including 6,805 unvested shares acquired through previously granted restricted stock unit awards.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and carries a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive stock transactions and is a common practice for publicly traded companies like Garmin.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the amounts are relatively small.
Key Dates
| Date | Description |
|---|---|
| 02/25/2024 | 623 shares disposed of to cover tax liability at $135.51 per share. |
| 02/26/2024 | 2,587 shares sold at $135.182 per share. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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