GARMIN LTD — Director's Dealing 2022

Feb 23, 2022

SEC Form 4/A — Form 4/A

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2021-12-15

Reporting Person: Bartel Danny J (VP, Worldwide Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-15	Registered Shares	F	874	$135.43	Disposed	198694	Direct
2021-12-15	Registered Shares	A	2031	—	Acquired	200725	Direct

Footnotes

F1: On December 15, 2021, 2,391 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 2,391 shares, 874 shares were withheld to pay the resulting tax liability.

F2: Includes 7,800 unvested shares acquired pursuant to previously granted restricted stock unit awards and 208 shares acquired by the reporting person in June 2021 under the Garmin Ltd. Employee Stock Purchase Plan.

F3: Footnote 3 to the original Form 4 filed on December 17, 2021 incorrectly stated that Form 4 filings preceding the original Form 4 overreported the number of shares directly owned by the reporting person. In fact, Form 4 filings preceding the original Form 4 had underreported the number of shares directly owned by the reporting person. Additionally, this amendment corrects the number of shares directly owned by the reporting person as of the date of the original Form 4.

F4: As noted in the original Form 4 filed on December 17, 2021, Form 4 filings preceding the original Form 4 erroneously reported that the reporting person indirectly owned 1,400 shares held in an account over which the reporting person's spouse had signing authority.

F5: On December 15, 2021 the reporting person received a grant of 2,031 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2022.

F6: Includes 9,831 unvested shares acquired pursuant to the December 15, 2021 restricted stock unit award and previously granted restricted stock unit awards.