Boessen Douglas G. 4
4 · GARMIN LTD · Filed Jun 8, 2026
Research Summary
AI-generated summary of this filing
Garmin (GRMN) CFO Douglas Boessen Sells 2,000 Shares
What Happened
Douglas G. Boessen, Garmin’s Chief Financial Officer and Treasurer, sold a total of 2,000 Garmin shares in open-market transactions on June 5, 2026. The disposals were: 272 shares @ $236.59 ($64,353), 355 shares @ $237.31 ($84,243), 1,288 shares @ $238.28 ($306,909), and 85 shares @ $238.91 ($20,307) — total proceeds roughly $475,812. The trades were executed pursuant to a Rule 10b5‑1 trading plan adopted March 2, 2026.
Key Details
- Transaction date: 2026-06-05; Form 4 filed 2026-06-08 (timely filing).
- Total sold: 2,000 shares for approx. $475,812.
- Reported weighted-average prices and execution ranges (per filing footnotes):
- 272 shares: weighted avg $236.59; trades ranged $235.785–$236.775.
- 355 shares: weighted avg $237.31; trades ranged $236.785–$237.665.
- 1,288 shares: weighted avg $238.28; trades ranged $237.805–$238.69.
- 85 shares: weighted avg $238.91; trades ranged $238.80–$239.46.
- Ownership note: filing references holdings that include 16,021 unvested restricted stock units; the total shares owned after these sales were not specified in the provided excerpt.
- Footnote: sales were made under a Rule 10b5‑1 plan (adopted Mar 2, 2026); the filing includes undertakings to provide per-trade breakdowns on request.
Context
Code “S” = sale. Sales executed under a 10b5‑1 plan are prearranged trades and are commonly used to avoid trading-window timing issues; they are generally considered routine and do not by themselves prove insider sentiment. For retail investors, purchases tend to be a stronger signal than planned sales.
Insider Transaction Report
- Sale
Registered Shares
[F1][F2][F3]2026-06-05$236.59/sh−272$64,353→ 27,777 total - Sale
Registered Shares
[F1][F4][F3]2026-06-05$237.31/sh−355$84,243→ 27,422 total - Sale
Registered Shares
[F1][F5][F3]2026-06-05$238.28/sh−1,288$306,909→ 26,134 total - Sale
Registered Shares
[F1][F6][F3]2026-06-05$238.91/sh−85$20,307→ 26,049 total
Footnotes (6)
- [F1]Pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 2, 2026.
- [F2]This transaction was executed in multiple trades at prices ranging from $235.785 to $236.775. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
- [F3]Includes 16,021 unvested shares acquired pursuant to previously granted restricted stock unit awards.
- [F4]This transaction was executed in multiple trades at prices ranging from $236.785 to $237.665. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
- [F5]This transaction was executed in multiple trades at prices ranging from $237.805 to $238.69. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.
- [F6]This transaction was executed in multiple trades at prices ranging from $238.80 to $239.46. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.