| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | GRMN | Registered Shares | Tax liability | -$1.13M | -8.33K | -4.92% | $135.51 | 161K | Feb 25, 2024 | Direct | F1, F2 |
| transaction | GRMN | Registered Shares | Sale | -$114K | -849 | -0.53% | $133.74 | 160K | Feb 26, 2024 | Direct | F2, F3, F4 |
| transaction | GRMN | Registered Shares | Sale | -$104K | -773 | -0.48% | $134.68 | 159K | Feb 26, 2024 | Direct | F2, F3, F5 |
| holding | GRMN | Registered Shares | 255 | Feb 25, 2024 | 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 | 18,773 shares that were acquired by the reporting person pursuant to previously granted restricted stock unit awards vested and were paid to the reporting person. Of these shares, 8,327 shares were withheld to pay a resulting tax liability. |
| F2 | Includes 65,746 unvested shares acquired pursuant to previously granted restricted stock unit awards. |
| F3 | Pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 14, 2023. |
| F4 | This transaction was executed in multiple trades at prices ranging from $133.38 to $134.335. 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. |
| F5 | This transaction was executed in multiple trades at prices ranging from $134.4 to $134.94. 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. |