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GARMIN LTD — Director's Dealing 2019
Dec 17, 2019
30027_dirs_2019-12-17_94026f63-5f8c-4bde-94c7-997559576485.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2019-12-15
Reporting Person: Desbois Patrick (EVP, Operations)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-12-15 | Registered Shares | F | 1800 | $97.43 | Disposed | 32973 | Direct |
| 2019-12-15 | Registered Shares | A | 4032 | — | Acquired | 37005 | Direct |
Footnotes
F1: On December 15, 2019, 4,814 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 4,814 shares, 1,800 shares were withheld to pay the resulting tax liability.
F2: Includes 11,068 unvested shares acquired pursuant to restricted stock units awards previously granted.
F3: On December 15, 2019 the reporting person received a grant of 4,032 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2020.
F4: Includes 15,100 unvested shares acquired pursuant to the December 15, 2019 restricted stock units award and previously granted restricted stock unit awards.