Douglas G. Boessen - Feb 25, 2023 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
CFO and Treasurer
Signature
/s/ Paul E. Cassat, Attorney-in-Fact
Stock symbol
GRMN
Transactions as of
Feb 25, 2023
Transactions value $
-$165,636
Form type
4
Date filed
2/28/2023, 05:17 PM
Previous filing
Dec 19, 2022
Next filing
Jun 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Tax liability -$166K -1.69K -4.09% $98.30 39.5K Feb 25, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 3,750 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, 1,685 shares were withheld to pay a resulting tax liability.
F2 Includes (i) 8,501 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.