Form 4: Garmin VP, Worldwide Sales, Reports Stock Transactions
SEC Form 4 Filing
Danny J. Bartel, VP of Worldwide Sales at Garmin Ltd, reported the disposition of 1,009 registered shares to cover tax liabilities resulting from vested restricted stock units.
Summary
- On February 25, 2024, Danny J. Bartel, VP of Worldwide Sales at Garmin Ltd, reported a transaction involving registered shares.
- 1,009 shares were disposed of to cover tax liabilities at a price of $135.51 per share.
- Following the transaction, Bartel directly owns 106,300 registered shares and indirectly owns 115,608 shares through a 401(k) plan.
- The reported transactions relate to the vesting of previously granted restricted stock unit awards.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing and does not convey any particular sentiment. It simply reports stock transactions.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common practice for publicly traded companies. It provides transparency into the trading activities of key personnel.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/25/2024 | Date of stock transaction (disposal of shares for tax liability). |
| 02/27/2024 | Date of signature by Attorney-in-Fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.