The open-market selling is modest in size and concentrated among a few executives; tax withholdings are routine. Traders should not interpret this cluster as a negative signal given the small dollar volume relative to market cap. Monitor for any continuation of selling in next 30 days or commentary around earnings.
Price Chart
Executive Summary
A cluster of insider transactions at Garmin Ltd. (GRMN) over the past week includes significant open-market sales by three executives totaling $2.2 million and large tax-related share withholdings by multiple C-suite members totaling $8.3 million. The CEO and another insider also gifted over 570,000 shares in non-cash transactions. The open-market selling by CFO and other executives is notable but not extreme relative to the company's $48.9B market cap.
Key Financial Metrics
Key Facts
- CFO Douglas Boessen sold $354,426 in shares on the open market, part of $2.2M in total open-market sales by three executives.
- Multiple C-suite executives surrendered shares for tax withholding, totaling $8.3M in non-cash transactions.
- CEO Clifton Pemble gifted 2,742 shares and surrendered 14,802 shares for taxes, but no open-market purchases or sales by him.
- Jonathan Burrell gifted 567,000 shares in two non-cash transactions.
- Total open-market selling ($2.2M) represents just 0.0045% of Garmin's $48.9B market cap — well below the 0.1% threshold for materiality.
Financial Impact
$2.2M in open-market sales and $8.3M in tax withholding share surrenders over 7 days
Risk Factors
- Perception risk: Multiple C-suite members reducing holdings could be viewed negatively by sentiment-driven traders.
- Lack of buying activity: No open-market purchases to offset sales, suggesting lack of near-term conviction.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (18 trades, 7d window) | cluster-GRMN-1772233241287 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 31, 2026 8w ago | Insider Cluster | $304.76 $284.11 | ▼ −6.78% | ▼ −8.01% | $281.16 (−7.74%) |
Jul 31, 2026 8w ago | Insider Cluster | $304.76 $284.11 | ▼ −6.78% | ▼ −8.01% | $281.16 (−7.74%) |
Jul 31, 2026 8w ago | Insider Cluster | $304.76 $284.11 | ▼ −6.78% | ▼ −8.01% | $281.16 (−7.74%) |
Jul 29, 2026 9w ago | 8-K | $294.83 $289.02 | ▼ −1.97% | ▼ −6.99% | $281.16 (−4.64%) |
Jul 23, 2026 10w ago | Press Release | $240.10 $293.09 | ▲ +22.07% | ▲ +18.76% | $281.16 (+17.10%) |
Jun 9, 2026 16w ago | Insider Cluster | $237.85 $248.68 | ▲ +4.55% | ▲ +3.11% | $281.16 (+18.21%) |
Jun 9, 2026 16w ago | Insider Cluster | $237.85 $248.68 | ▲ +4.55% | ▲ +3.11% | $281.16 (+18.21%) |
Jun 9, 2026 16w ago | Insider Cluster | $237.85 $248.68 | ▲ +4.55% | ▲ +3.11% | $281.16 (+18.21%) |
Jun 8, 2026 16w ago | 8-K | $237.85 $248.68 | ▲ +4.55% | ▲ +3.11% | $281.16 (+18.21%) |
Apr 22, 2026 23w ago | DEFA14A | $266.59 $228.69 | ▼ −14.22% | ▼ −17.38% | $281.16 (+5.47%) |
US Market Status
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