Douglas G. Boessen - 20 Dec 2024 Form 4 Insider Report for GARMIN LTD (GRMN)

Signature
/s/ Paul E. Cassat, as attorney-in-fact for Douglas G. Boessen
Issuer symbol
GRMN
Transactions as of
20 Dec 2024
Net transactions value
-$366,277
Form type
4
Filing time
23 Dec 2024, 17:26:41 UTC
Previous filing
17 Dec 2024
Next filing
21 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Sale $61,211 -298 -1% $205.40 29,075 20 Dec 2024 Direct F1, F2
transaction GRMN Registered Shares Sale $64,951 -314 -1.1% $206.85 28,761 20 Dec 2024 Direct F1, F2
transaction GRMN Registered Shares Sale $128,166 -614 -2.1% $208.74 28,147 20 Dec 2024 Direct F1, F2
transaction GRMN Registered Shares Sale $111,950 -535 -1.9% $209.25 27,612 20 Dec 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 August 12, 2024.
F2 Includes 15,421 unvested shares acquired pursuant to previously granted restricted stock unit awards.