Matthew Munn - Feb 25, 2023 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
Feb 25, 2023
Transactions value $
-$537,009
Form type
4
Date filed
2/28/2023, 04:27 PM
Previous filing
Dec 19, 2022
Next filing
Dec 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Tax liability -$90.8K -924 -6.38% $98.30 13.6K Feb 25, 2023 Direct F1, F2
transaction GRMN Registered Shares Sale -$446K -4.54K -33.45% $98.36 9.02K Feb 28, 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 3,114 shares that were acquired by the reporting person pursuant to previously granted restricted stock unit awards vested and were paid to the reporting person. Of these shares, 924 shares were withheld to pay a resulting tax liability.
F2 Includes 6,833 unvested shares acquired pursuant to previously granted restricted stock unit awards.
F3 This transaction was executed in multiple trades at prices ranging from $98.364 to $98.40. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.