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GARMIN LTD — Director's Dealing 2021
Dec 17, 2021
30027_dirs_2021-12-17_7cdeca49-bd2c-4057-a23b-3ff78a66e0b5.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: 2021-12-15
Reporting Person: Straub Philip (EVP, Man. Director - Aviation)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-12-15 | Registered Shares | F | 2744 | $135.43 | Disposed | 69557.5 | Direct |
| 2021-12-15 | Registered Shares | A | 3987 | — | Acquired | 73544.5 | Direct |
Footnotes
F1: On December 15, 2021, 6,182 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 6,182 shares, 2,744 shares were withheld to pay the resulting tax liability.
F2: Includes 14,685 unvested shares acquired pursuant to previously granted restricted stock unit awards.
F3: On December 15, 2021 the reporting person received a grant of 3,987 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2022.
F4: Includes 18,672 unvested shares acquired pursuant to the December 15, 2021 restricted stock unit award and previously granted restricted stock unit awards.