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

Role
President and CEO, Director
Signature
/s/ Joshua H. Maxfield, Attorney-in-Fact
Stock symbol
GRMN
Transactions as of
Dec 15, 2021
Transactions value $
-$822,602
Form type
4
Date filed
12/17/2021, 03:39 PM
Previous filing
Aug 10, 2021
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 -$823K -6.07K -4.18% $135.43 139K Dec 15, 2021 Direct F1, F2
transaction GRMN Registered Shares Award $0 +12.4K +8.89% $0.00 151K Dec 15, 2021 Direct F3, F4
holding GRMN Registered Shares 255 Dec 15, 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.