Sean Biddlecombe - 15 Dec 2022 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
Managing Director, EMEA
Signature
/s/ Paul E. Cassat, Attorney-in-Fact
Issuer symbol
GRMN
Transactions as of
15 Dec 2022
Net transactions value
-$39,221
Form type
4
Filing time
19 Dec 2022, 12:31:22 UTC
Previous filing
01 Mar 2022
Next filing
31 Jan 2025
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 $39,221 -423 -7.4% $92.72 5,278 15 Dec 2022 Direct F1, F2
transaction GRMN Registered Shares Award $0 +1,719 +33% $0.000000 6,997 15 Dec 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, 896 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 896 shares, 423 shares were withheld to pay the resulting tax liability.
F2 Includes 2,160 unvested shares acquired pursuant to previously granted restricted stock unit awards.
F3 On December 15, 2022 the reporting person received a grant of 1,719 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2023.
F4 Includes 3,879 unvested shares acquired pursuant to the December 15, 2022 restricted stock unit award and previously granted restricted stock unit awards.