Douglas G. Boessen - Dec 20, 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
Dec 20, 2024
Transactions value $
-$366,277
Form type
4
Date filed
12/23/2024, 05:26 PM
Previous filing
Dec 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Sale -$61.2K -298 -1.01% $205.40 29.1K Dec 20, 2024 Direct F1, F2
transaction GRMN Registered Shares Sale -$65K -314 -1.08% $206.85 28.8K Dec 20, 2024 Direct F1, F2
transaction GRMN Registered Shares Sale -$128K -614 -2.13% $208.74 28.1K Dec 20, 2024 Direct F1, F2
transaction GRMN Registered Shares Sale -$112K -535 -1.9% $209.25 27.6K Dec 20, 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.