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GARMIN LTD — Director's Dealing 2023
Dec 19, 2023
30027_dirs_2023-12-19_b414df13-19f2-4850-9abc-35a49749fc1d.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: 2023-12-15
Reporting Person: Desbois Patrick (EVP, Operations)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-12-15 | Registered Shares | F | 2268 | $126.13 | Disposed | 44782 | Direct |
| 2023-12-15 | Registered Shares | A | 7044 | — | Acquired | 51826 | Direct |
Footnotes
F1: On December 15, 2023, 5,296 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 5,296 shares, 2,268 shares were withheld to pay the resulting tax liability.
F2: Includes 8,853 unvested shares acquired pursuant to previously granted restricted stock unit awards.
F3: On December 15, 2023 the reporting person received a grant of 7,044 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2024.
F4: Includes 15,897 unvested shares acquired pursuant to the December 15, 2023 restricted stock unit award and previously granted restricted stock unit awards.