| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | GRMN | Registered Shares | Tax liability | -$825K | -6.54K | -5.66% | $126.13 | 109K | Dec 15, 2023 | Direct | F1, F2 |
| transaction | GRMN | Registered Shares | Award | $0 | +22.4K | +20.51% | $0.00 | 131K | Dec 15, 2023 | Direct | F3, F4 |
| transaction | GRMN | Registered Shares | Sale | -$138K | -1.1K | -0.83% | $125.90 | 130K | Dec 18, 2023 | Direct | F4, F5, F6 |
| holding | GRMN | Registered Shares | 255 | Dec 15, 2023 | By Child |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | On December 15, 2023, 14,742 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 14,742 shares, 6,540 shares were withheld to pay the resulting tax liability. |
| F2 | Includes 23,322 unvested shares acquired pursuant to previously granted restricted stock unit awards. |
| F3 | On December 15, 2023 the reporting person received a grant of 22,371 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2024. |
| F4 | Includes 45,693 unvested shares acquired pursuant to the December 15, 2023 restricted stock unit award and previously granted restricted stock unit awards. |
| F5 | Pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 14, 2023. |
| F6 | This transaction was executed in multiple trades at prices ranging from $125.41 to $126.31. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range. |