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GARMIN LTD — Director's Dealing 2024
Dec 17, 2024
30027_dirs_2024-12-17_6a7efac8-21b8-488e-909f-200435c7ae74.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: 2024-12-15
Reporting Person: PEMBLE CLIFTON A (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-12-15 | Registered Shares | F | 8102 | $215.4 | Disposed | 134402 | Direct |
| 2024-12-15 | Registered Shares | A | 13821 | — | Acquired | 148223 | Direct |
| 2024-12-16 | Registered Shares | S | 5452 | $216.0208 | Disposed | 142771 | Direct |
| 2024-12-16 | Registered Shares | S | 3494 | $216.6489 | Disposed | 139277 | Direct |
| 2024-12-16 | Registered Shares | S | 864 | $218.4801 | Disposed | 138413 | Direct |
| 2024-12-16 | Registered Shares | S | 238 | $219.6711 | Disposed | 138175 | Direct |
| 2024-12-16 | Registered Shares | S | 114 | $220.22 | Disposed | 138061 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Registered Shares | 255 | Indirect |
Footnotes
F1: On December 15, 2024, 18,264 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 18,264 shares, 8,102 shares were withheld to pay the resulting tax liability.
F2: Includes 47,482 unvested shares acquired pursuant to previously granted restricted stock unit awards.
F3: On December 15, 2024 the reporting person received a grant of 13,821 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2025.
F4: Includes 61,303 unvested shares acquired pursuant to the December 15, 2024 restricted stock unit award and previously granted restricted stock unit awards.
F5: Pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 1, 2024.
F6: This transaction was executed in multiple trades at prices ranging from $215.30 to $216.28. 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.
F7: This transaction was executed in multiple trades at prices ranging from $216.31 to $217.15. 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.
F8: This transaction was executed in multiple trades at prices ranging from $218.02 to $218.92. 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.
F9: This transaction was executed in multiple trades at prices ranging from $219.165 to $219.86. 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.