Susan Lyman - 21 Feb 2024 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
VP, Global Consumer Marketing
Signature
/s/ Paul E. Cassat, Attorney-in-Fact
Issuer symbol
GRMN
Transactions as of
21 Feb 2024
Net transactions value
$0
Form type
4
Filing time
23 Feb 2024, 12:34:25 UTC
Previous filing
20 Feb 2024
Next filing
27 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 Award $0 +3,564 +52% $0.000000 10,384 21 Feb 2024 Direct F1, F2
holding GRMN Registered Shares 51 21 Feb 2024 By 401(k) Plan
* 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 restricted stock units award granted in February 2023 that had both performance-based and time-based vesting conditions. The performance-based vesting conditions have been satisfied, and now the award is subject only to time-based vesting conditions. The award vests in three equal annual installments beginning on February 25, 2024.
F2 Includes (i) the 3,564 unvested shares acquired pursuant to the restricted stock units award described in Footnote 1 and (ii) 5,233 unvested shares acquired pursuant to previously other granted restricted stock units awards.