GARMIN LTD — Director's Dealing 2021

Feb 19, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2021-02-17

Reporting Person: ETKIND ANDREW R (VP, General Counsel, Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-17	Registered Shares	A	5999	—	Acquired	65858	Direct

Footnotes

F1: Shares acquired pursuant to a restricted stock units award granted in February 2020 that had both performance-based and time-based vesting conditions. The performance-based vesting conditions have been satisfied, and now the award is subject only to time-based vesting conditions. The award vests in three equal annual installments beginning on February 25, 2021.

F2: Includes (i) the 5,999 unvested shares acquired pursuant to the restricted stock units award described in Footnote 1, (ii) 10,422 unvested shares acquired pursuant to previously other granted restricted stock units awards, and (iii) 43 shares acquired in December 2020 under the Garmin Ltd. Employee Stock Purchase Plan.