GARMIN LTD — Director's Dealing 2021

Jun 7, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2021-06-04

Reporting Person: LEWIS CATHERINE A. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-06-04	Registered Shares	A	1045	—	Acquired	4142	Direct
2021-06-05	Registered Shares	F	399	$143.64	Disposed	3743	Direct

Footnotes

F1: Shares acquired pursuant to a grant of restricted stock units under the Garmin Ltd. 2011 Non-Employee Directors' Equity Incentive Plan. The award vests on June 4, 2022.

F2: Includes (a) the 1,045 unvested shares acquired pursuant to the grant of the restricted stock unit award described in Footnote 1 and (b) a total of 1,594 additional unvested shares that were acquired pursuant to previously granted restricted stock unit awards.

F3: On June 5, 2021, 1,594 shares that were acquired pursuant to an award of restricted stock units on June 5, 2020 vested and were released to the reporting person. Of these 1,594 shares, 399 were withheld to pay a resulting tax liability.

F4: Includes 1,045 unvested shares that were acquired pursuant to a previously granted restricted stock unit award.