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GARMIN LTD — Director's Dealing 2020
Dec 17, 2020
30027_dirs_2020-12-17_eb5fe354-02a5-4e03-9f9d-552a898fc041.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: 2020-12-15
Reporting Person: Boessen Douglas G. (CFO and Treasurer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-12-15 | Registered Shares | F | 1302 | $119.19 | Disposed | 33585 | Direct |
| 2020-12-15 | Registered Shares | A | 2625 | — | Acquired | 36210 | Direct |
Footnotes
F1: On December 15, 2020, 3,437 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 3,437 shares, 1,302 shares were withheld to pay the resulting tax liability.
F2: Includes 7,699 unvested shares acquired pursuant to previously granted restricted stock unit awards and 154 shares acquired by the reporting person in June 2020 under the Garmin Ltd. Employee Stock Purchase Plan.
F3: On December 15, 2020 the reporting person received a grant of 2,625 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2021.
F4: Includes 10,324 unvested shares acquired pursuant to the December 15, 2020 restricted stock unit award and previously granted restricted stock unit awards.