Philip Straub - Dec 15, 2021 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
EVP, Man. Director - Aviation
Signature
/s/ Joshua H. Maxfield, Attorney-in-Fact
Stock symbol
GRMN
Transactions as of
Dec 15, 2021
Transactions value $
-$371,620
Form type
4
Date filed
12/17/2021, 03:42 PM
Previous filing
Aug 25, 2021
Next filing
Mar 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Tax liability -$372K -2.74K -3.8% $135.43 69.6K Dec 15, 2021 Direct F1, F2
transaction GRMN Registered Shares Award $0 +3.99K +5.73% $0.00 73.5K Dec 15, 2021 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, 2021, 6,182 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 6,182 shares, 2,744 shares were withheld to pay the resulting tax liability.
F2 Includes 14,685 unvested shares acquired pursuant to previously granted restricted stock unit awards.
F3 On December 15, 2021 the reporting person received a grant of 3,987 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2022.
F4 Includes 18,672 unvested shares acquired pursuant to the December 15, 2021 restricted stock unit award and previously granted restricted stock unit awards.