Plus   Neg

Kao Family Trusts To Sell A Portion Of Their Shares In Garmin - Quick Facts

In accordance with Rule 10b5-1 of the Securities and Exchange Act, two family trusts have each established a trading plan to sell a portion of their shares in Garmin Ltd. (GRMN) over a period for tax planning purposes. Min Kao, the company's co-founder, is a co-trustee in both the family trusts.

The Kao family currently owns approximately 14% of Garmin outstanding shares. Kao intends to retain a majority of their current holdings. Kao, his wife and children have been major shareholders of Garmin since 2000.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Snap Inc. (SNAP) Tuesday reported a narrower loss for the second quarter that also was better than Wall Street's expectations, as revenues surged on strong user growth. The company issued a strong revenue guidance for the current quarter, sending its shares up 10 percent in after-hours trade. California-based... Shares of Texas Instruments Inc. (TXN) gained over 6% in extended trading session on Tuesday after the analog chip maker reported a second-quarter profit and revenue that trumped analysts' expectations. The company also issued a strong financial outlook for the third quarter. Dallas, Texas-based Texas... Justin Sun, the entrepreneur who founded the cryptocurrency platform TRON, has postponed his charity lunch with billionaire investor Warren Buffett due to ill health. "TRON Foundation announces postponement of Warren Buffett lunch, press conferences after founder Justin Sun falls ill with kidney stones....
Follow RTT