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GARMIN LTD — Director's Dealing 2023
Dec 19, 2023
30027_dirs_2023-12-19_b2c84f0f-0675-4e5c-9f4b-a433ed82ef5d.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: Bartel Danny J (VP, Worldwide Sales)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-12-15 | Registered Shares | F | 800 | $126.13 | Disposed | 212702 | Direct |
| 2023-12-15 | Registered Shares | A | 2487 | — | Acquired | 215189 | Direct |
Footnotes
F1: On December 15, 2023, 2,720 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 2,720 shares, 800 shares were withheld to pay the resulting tax liability.
F2: Includes 4,667 unvested shares acquired pursuant to previously granted restricted stock unit awards, 267 shares acquired by the reporting person in June 2023 under the Garmin Ltd. Employee Stock Purchase Plan and 2,831 shares acquired by the reporting person pursuant to a dividend reinvestment plan.
F3: On December 15, 2023 the reporting person received a grant of 2,487 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2024.
F4: Includes 7,154 unvested shares acquired pursuant to the December 15, 2023 restricted stock unit award and previously granted restricted stock unit awards.