Danny J. Bartel - Dec 15, 2022 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
VP, Worldwide Sales
Signature
/s/ Paul E. Cassat, Attorney-in-Fact
Stock symbol
GRMN
Transactions as of
Dec 15, 2022
Transactions value $
-$64,719
Form type
4
Date filed
12/19/2022, 12:30 PM
Previous filing
Mar 1, 2022
Next filing
Feb 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Tax liability -$64.7K -698 -0.34% $92.72 207K Dec 15, 2022 Direct F1, F2
transaction GRMN Registered Shares Award $0 +3.72K +1.8% $0.00 210K Dec 15, 2022 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, 2022, 2,375 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 2,375 shares, 698 shares were withheld to pay the resulting tax liability.
F2 Includes 7,172 unvested shares acquired pursuant to previously granted restricted stock unit awards, 183 shares acquired by the reporting person in June 2022 under the Garmin Ltd. Employee Stock Purchase Plan and 2,754 shares acquired by the reporting person pursuant to a dividend reinvestment plan.
F3 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.
F4 Includes 10,895 unvested shares acquired pursuant to the December 15, 2022 restricted stock unit award and previously granted restricted stock unit awards.