Andrew R. Etkind - Feb 25, 2023 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, 2023
Transactions value $
-$125,234
Form type
4
Date filed
2/28/2023, 04:38 PM
Previous filing
Dec 19, 2022
Next filing
Dec 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Tax liability -$125K -1.27K -1.8% $98.30 69.6K Feb 25, 2023 Direct F1, F2
transaction GRMN Registered Shares Gift $0 -340 -0.49% $0.00 69.2K Feb 28, 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 3,508 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, 1,274 shares were withheld to pay a resulting tax liability.
F2 Includes (i) 7,921 unvested shares acquired pursuant to previously granted restricted stock unit awards and (ii) 47 shares acquired in December 2022 under the Garmin Ltd. Employee Stock Purchase Plan.
F3 Shares were gifted to members of the reporting person's family.