Garmin (GRMN) co-COO reports charitable gift of 252 shares, retains 42,125
Rhea-AI Filing Summary
Garmin Ltd. co-COO reports charitable stock gift. A Garmin Ltd. officer who serves as co-COO reported gifting 252 registered shares of Garmin Ltd. common stock on 12/10/2025, recorded at a price of $0, indicating a transfer without sale proceeds. Following this transaction, the officer beneficially owns 42,125 Garmin shares. This amount includes 16,424 unvested shares from previously granted restricted stock unit awards and 122 shares acquired in June 2025 under the Garmin Ltd. Employee Stock Purchase Plan. The filing was made as a single‑person Form 4 reporting ownership and this charitable disposition.
Positive
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FAQ
What insider transaction did Garmin (GRMN) report in this Form 4?
The Form 4 reports that a Garmin Ltd. officer who is co-COO gifted 252 registered shares of Garmin common stock on 12/10/2025 at a reported price of $0, indicating a charitable transfer rather than a sale.
How many Garmin (GRMN) shares does the reporting officer own after the gift?
After the reported gift, the officer beneficially owns 42,125 Garmin shares, as disclosed in the Form 4.
Does the Form 4 explain the nature of the 252-share Garmin (GRMN) transaction?
Yes. The explanation states that the 252 shares were gifted to a charitable organization, clarifying that this was a charitable disposition and not an open-market sale.
What portion of the Garmin (GRMN) shares are unvested or from stock plans?
The beneficial ownership figure of 42,125 shares includes 16,424 unvested shares from previously granted restricted stock unit awards and 122 shares acquired in June 2025 under the Garmin Ltd. Employee Stock Purchase Plan.
What is the reporting person’s role at Garmin (GRMN) in this Form 4?
The reporting person is identified as an officer of Garmin Ltd. with the title co-COO, and the Form 4 is filed by one reporting person.
Was this Form 4 for non-derivative or derivative Garmin (GRMN) securities?
The Form 4 reports activity only in non-derivative securities (registered shares of Garmin Ltd.), and the table for derivative securities shows no reported transactions.