Douglas G. Boessen - 15 Dec 2023 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
CFO and Treasurer
Signature
/s/ Paul E. Cassat, Attorney-in-Fact
Issuer symbol
GRMN
Transactions as of
15 Dec 2023
Net transactions value
-$177,465
Form type
4
Filing time
19 Dec 2023, 10:56:40 UTC
Previous filing
13 Jun 2023
Next filing
23 Feb 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 Tax liability $177,465 -1,407 -5.9% $126.13 22,577 15 Dec 2023 Direct F1, F2
transaction GRMN Registered Shares Award $0 +5,178 +23% $0.000000 27,755 15 Dec 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.