Douglas G. Boessen - Jun 10, 2024 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
CFO and Treasurer
Signature
/s/ Paul E. Cassat, as attorney-in-fact for Douglas G. Boessen
Stock symbol
GRMN
Transactions as of
Jun 10, 2024
Transactions value $
-$379,839
Form type
4
Date filed
6/11/2024, 11:30 AM
Previous filing
Feb 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Sale -$361K -2.23K -7.36% $161.58 28.1K Jun 10, 2024 Direct F1, F2
transaction GRMN Registered Shares Sale -$18.9K -116 -0.41% $162.75 28K Jun 10, 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 7, 2023.
F2 Includes 15,507 unvested shares acquired pursuant to previously granted restricted stock unit awards.