Form 4: Garmin Executive Wang Cheng-Wei Sells 10,055 Registered Shares
SEC Form 4
Garmin General Manager Wang Cheng-Wei sold 10,055 registered shares at a weighted average price of $177.156 on August 21, 2024.
Summary
- On August 21, 2024, Wang Cheng-Wei, a General Manager at Garmin Corp., sold 10,055 registered shares of Garmin Ltd.
- The sale was executed in multiple trades with prices ranging from $177.1149 to $177.8100, resulting in a weighted average sale price of $177.156.
- Following the transaction, Wang Cheng-Wei beneficially owns 40,965 shares, which includes 7,317 unvested shares from restricted stock unit awards and 80 shares acquired in June 2024 through the Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: This is a neutral report of a transaction. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Executive stock sales are a common occurrence and can be for various personal financial reasons. It's important to consider the overall trend of insider transactions and the company's performance when evaluating the significance of this sale.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, although it may not necessarily reflect a negative outlook on the company's future.
Key Dates
| Date | Description |
|---|---|
| 08/21/2024 | Date of transaction: Wang Cheng-Wei sold 10,055 registered shares. |
| 08/22/2024 | Date of report filing. |
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