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GARMIN LTD Director's Dealing 2023

Feb 28, 2023

30027_dirs_2023-02-28_76b1e91c-d0eb-4b69-91c9-ddda8ea4b40e.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: 2023-02-25

Reporting Person: Munn Matthew (VP, Man. Director - Auto OEM)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2023-02-25 Registered Shares F 924 $98.30 Disposed 13559 Direct
2023-02-28 Registered Shares S 4536 $98.3641 Disposed 9023 Direct

Footnotes

F1: 3,114 shares that were acquired by the reporting person pursuant to previously granted restricted stock unit awards vested and were paid to the reporting person. Of these shares, 924 shares were withheld to pay a resulting tax liability.

F2: Includes 6,833 unvested shares acquired pursuant to previously granted restricted stock unit awards.

F3: This transaction was executed in multiple trades at prices ranging from $98.364 to $98.40. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range.