Clifton A. Pemble - 15 Dec 2021 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
President and CEO, Director
Signature
/s/ Joshua H. Maxfield, Attorney-in-Fact
Issuer symbol
GRMN
Transactions as of
15 Dec 2021
Net transactions value
-$822,602
Form type
4
Filing time
17 Dec 2021, 15:39:05 UTC
Previous filing
10 Aug 2021
Next filing
18 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Tax liability $822,602 -6,074 -4.2% $135.43 139,128 15 Dec 2021 Direct F1, F2
transaction GRMN Registered Shares Award $0 +12,369 +8.9% $0.000000 151,497 15 Dec 2021 Direct F3, F4
holding GRMN Registered Shares 255 15 Dec 2021 By Child
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 15, 2021, 13,690 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 13,690 shares, 6,074 shares were withheld to pay the resulting tax liability.
F2 Includes 30,641 unvested shares acquired pursuant to previously granted restricted stock unit awards.
F3 On December 15, 2021 the reporting person received a grant of 12,369 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2022.
F4 Includes 43,010 unvested shares acquired pursuant to the December 15, 2021 restricted stock unit award and previously granted restricted stock unit awards.