Douglas G. Boessen - Dec 15, 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
Dec 15, 2023
Transactions value $
-$177,465
Form type
4
Date filed
12/19/2023, 10:56 AM
Previous filing
Jun 13, 2023
Next filing
Feb 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Tax liability -$177K -1.41K -5.87% $126.13 22.6K Dec 15, 2023 Direct F1, F2
transaction GRMN Registered Shares Award $0 +5.18K +22.93% $0.00 27.8K Dec 15, 2023 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, 2023, 3,168 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 3,168 shares, 1,407 shares were withheld to pay the resulting tax liability.
F2 Includes 5,333 unvested shares acquired pursuant to previously granted restricted stock unit awards and 141 shares acquired by the reporting person in June 2023 under the Garmin Ltd. Employee Stock Purchase Plan.
F3 On December 15, 2023 the reporting person received a grant of 5,178 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2024.
F4 Includes 10,511 unvested shares acquired pursuant to the December 15, 2023 restricted stock unit award and previously granted restricted stock unit awards.