Joseph J. Hartnett - Jun 7, 2024 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
Director
Signature
/s/ Paul E. Cassat, as attorney-in-fact for Joseph J. Hartnett
Stock symbol
GRMN
Transactions as of
Jun 7, 2024
Transactions value $
-$61,386
Form type
4
Date filed
6/10/2024, 05:56 PM
Previous filing
Jun 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Award $0 +1.09K +5.43% $0.00 21.2K Jun 7, 2024 Direct F1, F2
transaction GRMN Registered Shares Tax liability -$61.4K -376 -1.78% $163.26 20.8K Jun 9, 2024 Direct F3, F4
* 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 grant of restricted stock units under the Garmin Ltd. 2011 Non-Employee Directors' Equity Incentive Plan. The award vests on June 7, 2025.
F2 Includes the 1,090 unvested shares acquired pursuant to the grant of the restricted stock unit award described in Footnote 1 and 1,501 unvested shares acquired pursuant to a previously granted restricted stock unit award.
F3 1,501 shares that were acquired pursuant to an award of restricted stock units on June 9, 2023 vested and were released to the reporting person. Of these 1,501 shares, 376 shares were withheld to pay a resulting tax liability.
F4 Includes the 1,090 unvested shares acquired pursuant to the grant of the restricted stock unit award described in Footnote 1.