Joseph J. Hartnett - Jun 4, 2021 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
Director
Signature
/s/ Joshua H. Maxfield, Attorney-in-Fact
Stock symbol
GRMN
Transactions as of
Jun 4, 2021
Transactions value $
-$57,312
Form type
4
Date filed
6/7/2021, 12:18 PM
Next filing
Jun 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Award $0 +1.05K +6.04% $0.00 18.3K Jun 4, 2021 Direct F1, F2
transaction GRMN Registered Shares Tax liability -$57.3K -399 -2.18% $143.64 17.9K Jun 5, 2021 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired pursuant to a grant of restricted stock units under the Garmin Ltd. 2011 Non-Employee Directors' Equity Incentive Plan. The award vests on June 4, 2022.
F2 Includes (a) the 1,045 unvested shares acquired pursuant to the grant of the restricted stock unit award described in Footnote 1 and (b) a total of 2,459 additional unvested shares that were acquired pursuant to previously granted restricted stock unit awards.
F3 On June 5, 2021, 1,594 shares that were acquired pursuant to an award of restricted stock units on June 5, 2020 vested and were released to the reporting person. Of these 1,594 shares, 399 were withheld to pay a resulting tax liability.
F4 Includes 1,910 unvested shares that were acquired pursuant to previously granted restricted stock unit awards.