GARMIN LTD — Director's Dealing 2023

Jun 12, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2023-06-09

Reporting Person: Peffer Charles (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-06-09	Registered Shares	A	1501	—	Acquired	29409	Direct
2023-06-10	Registered Shares	F	376	$105.34	Disposed	29033	Direct

Footnotes

F1: Shares acquired pursuant to a grant of restricted stock units under the Garmin Ltd. 2011 Non-Employee Directors' Equity Incentive Plan. The award vests on June 9, 2024.

F2: Includes the 1,501 unvested shares acquired pursuant to the grant of the restricted stock unit award described in Footnote 1 and 1,502 unvested shares acquired pursuant to a previously granted restricted stock unit award.

F3: 1,502 shares that were acquired pursuant to an award of restricted stock units on June 10, 2022 vested and were released to the reporting person. Of these 1,502 shares, 376 were withheld to pay a resulting tax liability.

F4: Includes the 1,501 unvested shares acquired pursuant to the grant of the restricted stock unit award described in Footnote 1.