GARMIN LTD — Director's Dealing 2021

Dec 18, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2021-12-15

Reporting Person: Bartel Danny J (VP, Worldwide Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-15	Registered Shares	F	874	$135.43	Disposed	188051	Direct
2021-12-15	Registered Shares	A	2031	—	Acquired	190082	Direct

Footnotes

F1: On December 15, 2021, 2,391 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 2,391 shares, 874 shares were withheld to pay the resulting tax liability.

F2: Includes 7,800 unvested shares acquired pursuant to previously granted restricted stock unit awards and 208 shares acquired by the reporting person in June 2021 under the Garmin Ltd. Employee Stock Purchase Plan.

F3: Previous Form 4 filings inadvertently overreported the number of shares directly owned by the reporting person. The correct number of shares directly owned by the reporting person is reflected in this filing.

F4: Previous Form 4 filings erroneously reported that the reporting person indirectly owned 1,400 shares held in an account over which the reporting person's spouse had signing authority.

F5: Includes 9,831 unvested shares acquired pursuant to the December 15, 2021 restricted stock unit award and previously granted restricted stock unit awards.