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GARMIN LTD — Director's Dealing 2022
Dec 19, 2022
30027_dirs_2022-12-19_b60e7bce-d4a9-48be-8d4e-99ac3fed053c.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: 2022-12-15
Reporting Person: Bartel Danny J (VP, Worldwide Sales)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-12-15 | Registered Shares | F | 698 | $92.72 | Disposed | 206707 | Direct |
| 2022-12-15 | Registered Shares | A | 3723 | — | Acquired | 210430 | Direct |
Footnotes
F1: On December 15, 2022, 2,375 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 2,375 shares, 698 shares were withheld to pay the resulting tax liability.
F2: Includes 7,172 unvested shares acquired pursuant to previously granted restricted stock unit awards, 183 shares acquired by the reporting person in June 2022 under the Garmin Ltd. Employee Stock Purchase Plan and 2,754 shares acquired by the reporting person pursuant to a dividend reinvestment plan.
F3: On December 15, 2022 the reporting person received a grant of 3,723 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2023.
F4: Includes 10,895 unvested shares acquired pursuant to the December 15, 2022 restricted stock unit award and previously granted restricted stock unit awards.