Joshua H. Maxfield - Dec 15, 2024 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
VP, General Counsel
Signature
/s/ Paul E. Cassat, as attorney-in-fact for Joshua H. Maxfield
Stock symbol
GRMN
Transactions as of
Dec 15, 2024
Transactions value $
-$134,625
Form type
4
Date filed
12/17/2024, 04:31 PM
Previous filing
Nov 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Tax liability -$135K -625 -6.22% $215.40 9.42K Dec 15, 2024 Direct F1, F2
transaction GRMN Registered Shares Award $0 +1.43K +15.2% $0.00 10.8K Dec 15, 2024 Direct F3, F4
holding GRMN Registered Shares 520 Dec 15, 2024 By 401(k) Plan
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 15, 2024, 1,509 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 1,509 shares, 625 shares were withheld to pay the resulting tax liability.
F2 Includes 3,537 unvested shares acquired pursuant to previously granted restricted stock unit awards.
F3 On December 15, 2024 the reporting person received a grant of 1,431 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2025.
F4 Includes 4,968 unvested shares acquired pursuant to the December 15, 2024 restricted stock unit award and previously granted restricted stock unit awards.