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GARMIN LTD — Director's Dealing 2021
Dec 17, 2021
30027_dirs_2021-12-17_4af7ab3d-bbce-4fd2-99bf-d2054185015f.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: PEMBLE CLIFTON A (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-12-15 | Registered Shares | F | 6074 | $135.43 | Disposed | 139128 | Direct |
| 2021-12-15 | Registered Shares | A | 12369 | — | Acquired | 151497 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Registered Shares | 255 | Indirect |
Footnotes
F1: On December 15, 2021, 13,690 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 13,690 shares, 6,074 shares were withheld to pay the resulting tax liability.
F2: Includes 30,641 unvested shares acquired pursuant to previously granted restricted stock unit awards.
F3: On December 15, 2021 the reporting person received a grant of 12,369 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2022.
F4: Includes 43,010 unvested shares acquired pursuant to the December 15, 2021 restricted stock unit award and previously granted restricted stock unit awards.