Matthew Munn - 15 Dec 2022 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
VP, Man. Director - Auto OEM
Signature
/s/ Paul E. Cassat, Attorney-in-Fact
Issuer symbol
GRMN
Transactions as of
15 Dec 2022
Net transactions value
-$220,827
Form type
4
Filing time
19 Dec 2022, 12:28:59 UTC
Previous filing
01 Mar 2022
Next filing
28 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Sale $167,049 -1,797 -14% $92.96 11,340 15 Dec 2022 Direct F1
transaction GRMN Registered Shares Tax liability $53,778 -580 -5.1% $92.72 10,760 15 Dec 2022 Direct F2, F3
transaction GRMN Registered Shares Award $0 +3,723 +35% $0.000000 14,483 15 Dec 2022 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 8,244 unvested shares acquired pursuant to previously granted restricted stock unit awards.
F2 On December 15, 2022, 2,020 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 2,020 shares, 580 shares were withheld to pay the resulting tax liability.
F3 Includes 6,224 unvested shares acquired pursuant to previously granted restricted stock unit awards.
F4 On December 15, 2022 the reporting person received a grant of 3,723 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2023.
F5 Includes 9,947 unvested shares acquired pursuant to the December 15, 2022 restricted stock unit award and previously granted restricted stock unit awards.