Andrew R. Etkind - Dec 15, 2021 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
VP, General Counsel, Secretary
Signature
/s/ Andrew R. Etkind
Stock symbol
GRMN
Transactions as of
Dec 15, 2021
Transactions value $
-$151,817
Form type
4
Date filed
12/17/2021, 03:37 PM
Next filing
Feb 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Tax liability -$152K -1.12K -1.75% $135.43 62.8K Dec 15, 2021 Direct F1, F2
transaction GRMN Registered Shares Award $0 +2.4K +3.82% $0.00 65.2K Dec 15, 2021 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 15, 2021, 3,062 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 3,062 shares, 1,121 shares were withheld to pay the resulting tax liability.
F2 Includes 7,968 unvested shares acquired pursuant to previously granted restricted stock unit awards and 53 shares acquired by the reporting person in June 2021 under the Garmin Ltd. Employee Stock Purchase Plan.
F3 On December 15, 2021 the reporting person received a grant of 2,400 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2022.
F4 Includes 10,368 unvested shares acquired pursuant to the December 15, 2021 restricted stock unit award and previously granted restricted stock unit awards.