Danny J. Bartel - Dec 15, 2023 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
VP, Worldwide Sales
Signature
/s/ Paul E. Cassat, Attorney-in-Fact
Stock symbol
GRMN
Transactions as of
Dec 15, 2023
Transactions value $
-$100,904
Form type
4
Date filed
12/19/2023, 10:51 AM
Previous filing
Feb 28, 2023
Next filing
Feb 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Tax liability -$101K -800 -0.37% $126.13 213K Dec 15, 2023 Direct F1, F2
transaction GRMN Registered Shares Award $0 +2.49K +1.17% $0.00 215K Dec 15, 2023 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, 2023, 2,720 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 2,720 shares, 800 shares were withheld to pay the resulting tax liability.
F2 Includes 4,667 unvested shares acquired pursuant to previously granted restricted stock unit awards, 267 shares acquired by the reporting person in June 2023 under the Garmin Ltd. Employee Stock Purchase Plan and 2,831 shares acquired by the reporting person pursuant to a dividend reinvestment plan.
F3 On December 15, 2023 the reporting person received a grant of 2,487 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2024.
F4 Includes 7,154 unvested shares acquired pursuant to the December 15, 2023 restricted stock unit award and previously granted restricted stock unit awards.