EU and US could reach trade deal this weekend - Reuters
Susan Lyman, Vice President of Consumer Sales & Marketing at Garmin Ltd . (NASDAQ:NYSE:GRMN), has recently sold a significant portion of her holdings in the company. According to a recent SEC filing, Lyman sold 2,829 registered shares on March 10, 2025, at a weighted average price of approximately $215.51 per share. The total transaction value amounted to $609,677.
Following this transaction, Lyman retains direct ownership of 8,432 shares. Additionally, she holds 52.14 shares indirectly through a 401(k) plan. The filing also notes that her directly owned shares include 7,583 unvested shares acquired through previously granted restricted stock unit awards.
This transaction was executed in multiple trades, with prices ranging from $215.22 to $216.19. Lyman has committed to providing full details of the transactions upon request to the SEC, Garmin Ltd., or any security holder of the company.
In other recent news, Garmin Ltd. reported impressive financial results for the fourth quarter of 2024, with earnings per share (EPS) of $2.41, surpassing the forecasted $1.91. Revenue for the quarter reached $1.82 billion, exceeding the expected $1.65 billion and marking a 23% year-over-year increase. The company achieved record revenue across all five business segments, with notable growth in fitness and outdoor categories. Analysts from Tigress Financial Partners have raised Garmin’s stock target to $285, maintaining a Strong Buy rating due to the company’s continuous innovation and new product development. Garmin’s gross margin expanded by 100 basis points to 59% for both the fourth quarter and the full year of 2024. The company also announced a proposed 20% increase in its annual dividend, reflecting confidence in future growth. In other developments, Garmin announced the anticipated approval for its GFC 600H Helicopter Flight Control System to be retrofitted in Airbus H130 helicopters, enhancing safety and pilot workload reduction.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.