Philip Straub - Dec 25, 2021 Form 5 Insider Report for GARMIN LTD (GRMN)

Role
EVP, Man. Director - Aviation
Signature
/s/ Paul E. Cassat, Attorney-in-Fact
Stock symbol
GRMN
Transactions as of
Dec 25, 2021
Transactions value $
$0
Form type
5
Date filed
3/1/2022, 08:00 PM
Previous filing
Dec 17, 2021
Next filing
Feb 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Gift $0 +199 $0.00 199 Nov 9, 2021 By Spouse's Family Trust F1, F2
holding GRMN Registered Shares 73.5K Dec 25, 2021 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 9, 2021, upon the death of a parent of the reporting person's spouse, the reporting person's spouse became co-trustee of a trust holding registered shares of Garmin.
F2 The reporting person's spouse is a co-trustee of the trust. The reporting person's spouse and children are also beneficiaries of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F3 As of the date of this Form 5, included 18,672 unvested shares acquired pursuant to previously granted restricted stock unit awards.