4/A: Garmin Director Joseph J. Hartnett Corrects Stock Sale Price
Statement of Changes in Beneficial Ownership
Garmin Ltd. director Joseph J. Hartnett has filed an amendment to a Form 4, correcting the reported sale price of registered shares from $263.57 to $236.09.
Summary
- This filing is an amendment to a previously submitted Form 4 by Joseph J. Hartnett, a Director at Garmin Ltd.
- The amendment corrects a typographical error in the reported sale price of registered shares.
- The original reported sale price was $263.57, which has been corrected to $236.09.
- The transaction date was June 9, 2026.
- Following the transaction, Mr. Hartnett beneficially owns 21,277 registered shares directly.
- This ownership figure includes 753 unvested shares acquired through a restricted stock units award.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral, primarily an administrative correction of a previous report without new material financial information or strategic changes.
Negatives
- A typographical error in reporting a stock sale price required an amendment, indicating a potential for minor administrative oversight.
Future Outlook
No forward-looking statements or guidance were provided in this filing.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into the buying and selling activities of company directors and officers. Corrections to these filings, while not uncommon due to administrative errors, highlight the importance of meticulous reporting in maintaining market confidence.
Stakeholder Impact
- Shareholders: The correction of the sale price provides a more accurate understanding of a director's transaction, potentially influencing perceptions of insider confidence, though the correction itself is minor in the context of the overall transaction.
Key Dates
| Date | Description |
|---|---|
| 06/09/2026 | Earliest transaction date and date of original filing/amendment. |
Keywords
Garmin Ltd., GRMN, Form 4, SEC Filing, Insider Trading, Stock Sale, Director Transaction, Beneficial Ownership, Registered Shares, Restricted Stock Units
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