Andrew R. Etkind - Feb 25, 2022 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
VP, General Counsel, Secretary
Signature
/s/ Paul E. Cassat, Attorney-in-Fact
Stock symbol
GRMN
Transactions as of
Feb 25, 2022
Transactions value $
-$206,326
Form type
4
Date filed
3/1/2022, 04:41 PM
Previous filing
Feb 18, 2022
Next filing
Dec 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Tax liability -$206K -1.85K -2.64% $111.83 67.9K Feb 25, 2022 Direct F1, F2
transaction GRMN Registered Shares Gift $0 -270 -0.4% $0.00 67.7K Feb 25, 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 4,975 shares that were acquired by the reporting person pursuant to previously granted restricted stock unit awards vested and were paid to the reporting person. Of these shares, 1,845 shares were withheld to pay a resulting tax liability.
F2 Includes 9,916 unvested shares acquired pursuant to previously granted restricted stock unit awards.
F3 On February 25, 2022 the reporting person gifted a total of 270 shares to family members.