Laurie A. Minard - Dec 15, 2024 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
VP, Human Resources
Signature
/s/ Paul E. Cassat, as attorney-in-fact for Laurie A. Minard
Stock symbol
GRMN
Transactions as of
Dec 15, 2024
Transactions value $
-$124,070
Form type
4
Date filed
12/17/2024, 04:21 PM
Previous filing
Aug 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Tax liability -$124K -576 -13.46% $215.40 3.7K Dec 15, 2024 Direct F1, F2
transaction GRMN Registered Shares Award $0 +954 +25.76% $0.00 4.66K Dec 15, 2024 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 15, 2024, 1,295 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 1,295 shares, 576 shares were withheld to pay the resulting tax liability.
F2 Includes 2,985 unvested shares acquired pursuant to previously granted restricted stock unit awards and 87 shares acquired by the reporting person in June 2024 under the Garmin Ltd. Employee Stock Purchase Plan.
F3 On December 15, 2024 the reporting person received a grant of 954 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2025.
F4 Includes 3,939 unvested shares acquired pursuant to the December 15, 2024 restricted stock unit award and previously granted restricted stock unit awards.