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GARMIN LTD — Director's Dealing 2021
Dec 17, 2021
30027_dirs_2021-12-17_5ebe26ee-97c3-4d9e-ab2a-aeb56bbf49f5.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: Boessen Douglas G. (CFO and Treasurer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-12-15 | Registered Shares | F | 1371 | $135.43 | Disposed | 32217 | Direct |
| 2021-12-15 | Registered Shares | A | 2583 | — | Acquired | 34800 | Direct |
Footnotes
F1: On December 15, 2021, 3,087 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 3,087 shares, 1,371 shares were withheld to pay the resulting tax liability.
F2: Includes 8,382 unvested shares acquired pursuant to previously granted restricted stock unit awards and 120 shares acquired by the reporting person in June 2021 under the Garmin Ltd. Employee Stock Purchase Plan.
F3: On December 15, 2021 the reporting person received a grant of 2,583 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2022.
F4: Includes 10,965 unvested shares acquired pursuant to the December 15, 2021 restricted stock unit award and previously granted restricted stock unit awards.