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GARMIN LTD — Director's Dealing 2023
Dec 19, 2023
30027_dirs_2023-12-19_51b14146-cfac-45c9-a863-80837d352b2d.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: Boessen Douglas G. (CFO and Treasurer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-12-15 | Registered Shares | F | 1407 | $126.13 | Disposed | 22577 | Direct |
| 2023-12-15 | Registered Shares | A | 5178 | — | Acquired | 27755 | Direct |
Footnotes
F1: On December 15, 2023, 3,168 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 3,168 shares, 1,407 shares were withheld to pay the resulting tax liability.
F2: Includes 5,333 unvested shares acquired pursuant to previously granted restricted stock unit awards and 141 shares acquired by the reporting person in June 2023 under the Garmin Ltd. Employee Stock Purchase Plan.
F3: On December 15, 2023 the reporting person received a grant of 5,178 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2024.
F4: Includes 10,511 unvested shares acquired pursuant to the December 15, 2023 restricted stock unit award and previously granted restricted stock unit awards.