Philip Straub - Dec 15, 2022 Form 4 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 15, 2022
Transactions value $
-$194,619
Form type
4
Date filed
12/19/2022, 05:08 PM
Previous filing
Nov 8, 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 Gift $0 -530 -0.68% $0.00 77.6K Dec 14, 2022 Direct F1, F2
transaction GRMN Registered Shares Tax liability -$195K -2.1K -2.71% $92.72 75.5K Dec 15, 2022 Direct F3, F4
transaction GRMN Registered Shares Award $0 +7.45K +9.87% $0.00 82.9K Dec 15, 2022 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares gifted to a charitable organization
F2 Includes 17,734 unvested shares acquired pursuant to previously granted restricted stock unit awards.
F3 On December 15, 2022, 4,784 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 4,784 shares, 2,099 shares were withheld to pay the resulting tax liability.
F4 Includes 12,950 unvested shares acquired pursuant to previously granted restricted stock unit awards.
F5 On December 15, 2022 the reporting person received a grant of 7,449 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2023.
F6 Includes 20,399 unvested shares acquired pursuant to the December 15, 2022 restricted stock unit award and previously granted restricted stock unit awards.