GARMIN LTD — Director's Dealing 2022

Feb 18, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2022-02-16

Reporting Person: PEMBLE CLIFTON A (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-16	Registered Shares	A	17492	—	Acquired	169070	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Registered Shares	255	Indirect

Footnotes

F1: Shares acquired pursuant to a restricted stock units award granted in February 2021 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, 2022.

F2: Includes (i) the 17,492 unvested shares acquired pursuant to the restricted stock units award described in Footnote 1, (ii) 43,010 unvested shares acquired pursuant to other previously granted restricted stock units awards, and (iii) 81 shares acquired in December 2021 under the Garmin Ltd. Employee Stock Purchase Plan.