Susan Lyman - Dec 15, 2024 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
VP, Global Consumer Marketing
Signature
/s/ Paul E. Cassat, as attorney-in-fact for Susan Lyman
Stock symbol
GRMN
Transactions as of
Dec 15, 2024
Transactions value $
-$130,102
Form type
4
Date filed
12/17/2024, 04:24 PM
Previous filing
Feb 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Tax liability -$130K -604 -8.3% $215.40 6.67K Dec 15, 2024 Direct F1, F2
transaction GRMN Registered Shares Award $0 +1.55K +23.2% $0.00 8.22K Dec 15, 2024 Direct F4, F5
holding GRMN Registered Shares 52.1 Dec 15, 2024 By 401(k) Plan F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 15, 2024, 2,050 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 2,050 shares, 604 shares were withheld to pay the resulting tax liability.
F2 Includes 4,755 unvested shares acquired pursuant to previously granted restricted stock unit awards and 101 shares acquired by the reporting person in June 2024 under the Garmin Ltd. Employee Stock Purchase Plan.
F3 Includes approximately 0.7 fractional shares acquired by the reporting person pursuant to a dividend reinvestment plan.
F4 On December 15, 2024 the reporting person received a grant of 1,548 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2025.
F5 Includes 6,303 unvested shares acquired pursuant to the December 15, 2024 restricted stock unit award and previously granted restricted stock unit awards.