Matthew Munn - Dec 15, 2022 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
VP, Man. Director - Auto OEM
Signature
/s/ Paul E. Cassat, Attorney-in-Fact
Stock symbol
GRMN
Transactions as of
Dec 15, 2022
Transactions value $
-$220,827
Form type
4
Date filed
12/19/2022, 12:28 PM
Previous filing
Mar 1, 2022
Next filing
Feb 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Sale -$167K -1.8K -13.68% $92.96 11.3K Dec 15, 2022 Direct F1
transaction GRMN Registered Shares Tax liability -$53.8K -580 -5.11% $92.72 10.8K Dec 15, 2022 Direct F2, F3
transaction GRMN Registered Shares Award $0 +3.72K +34.6% $0.00 14.5K Dec 15, 2022 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 8,244 unvested shares acquired pursuant to previously granted restricted stock unit awards.
F2 On December 15, 2022, 2,020 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 2,020 shares, 580 shares were withheld to pay the resulting tax liability.
F3 Includes 6,224 unvested shares acquired pursuant to previously granted restricted stock unit awards.
F4 On December 15, 2022 the reporting person received a grant of 3,723 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2023.
F5 Includes 9,947 unvested shares acquired pursuant to the December 15, 2022 restricted stock unit award and previously granted restricted stock unit awards.