Douglas G. Boessen - 15 Dec 2021 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
CFO and Treasurer
Signature
/s/ Joshua H. Maxfield, Attorney-in-Fact
Issuer symbol
GRMN
Transactions as of
15 Dec 2021
Net transactions value
-$185,675
Form type
4
Filing time
17 Dec 2021, 15:40:03 UTC
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 $185,675 -1,371 -4.1% $135.43 32,217 15 Dec 2021 Direct F1, F2
transaction GRMN Registered Shares Award $0 +2,583 +8% $0.000000 34,800 15 Dec 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, 3,087 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 3,087 shares, 1,371 shares were withheld to pay the resulting tax liability.
F2 Includes 8,382 unvested shares acquired pursuant to previously granted restricted stock unit awards and 120 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 2,583 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2022.
F4 Includes 10,965 unvested shares acquired pursuant to the December 15, 2021 restricted stock unit award and previously granted restricted stock unit awards.