Charles Peffer - 09 Jun 2023 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
Director
Signature
/s/ Paul E. Cassat, Attorney-in-Fact
Issuer symbol
GRMN
Transactions as of
09 Jun 2023
Net transactions value
-$39,608
Form type
4
Filing time
12 Jun 2023, 16:16:02 UTC
Previous filing
13 Jun 2022
Next filing
10 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Award $0 +1,501 +5.4% $0.000000 29,409 09 Jun 2023 Direct F1, F2
transaction GRMN Registered Shares Tax liability $39,608 -376 -1.3% $105.34 29,033 10 Jun 2023 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired pursuant to a grant of restricted stock units under the Garmin Ltd. 2011 Non-Employee Directors' Equity Incentive Plan. The award vests on June 9, 2024.
F2 Includes the 1,501 unvested shares acquired pursuant to the grant of the restricted stock unit award described in Footnote 1 and 1,502 unvested shares acquired pursuant to a previously granted restricted stock unit award.
F3 1,502 shares that were acquired pursuant to an award of restricted stock units on June 10, 2022 vested and were released to the reporting person. Of these 1,502 shares, 376 were withheld to pay a resulting tax liability.
F4 Includes the 1,501 unvested shares acquired pursuant to the grant of the restricted stock unit award described in Footnote 1.