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GARMIN LTD — Director's Dealing 2024
Dec 17, 2024
30027_dirs_2024-12-17_53e9582d-d052-4d48-a195-202f46fa4e29.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: Boessen Douglas G. (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-12-15 | Registered Shares | F | 1784 | $215.4 | Disposed | 26334 | Direct |
| 2024-12-15 | Registered Shares | A | 3933 | — | Acquired | 30267 | Direct |
| 2024-12-16 | Registered Shares | S | 438 | $215.9987 | Disposed | 29829 | Direct |
| 2024-12-16 | Registered Shares | S | 325 | $216.6014 | Disposed | 29504 | Direct |
| 2024-12-16 | Registered Shares | S | 131 | $218.7182 | Disposed | 29373 | Direct |
Footnotes
F1: On December 15, 2024, 4,019 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 4,019 shares, 1,784 shares were withheld to pay the resulting tax liability.
F2: Includes 11,488 unvested shares acquired pursuant to previously granted restricted stock unit awards and 108 shares acquired by the reporting person in June 2024 under the Garmin Ltd. Employee Stock Purchase Plan.
F3: On December 15, 2024 the reporting person received a grant of 3,933 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2025.
F4: Includes 15,421 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 August 12, 2024.
F6: This transaction was executed in multiple trades at prices ranging from $215.30 to $216.26. 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 $216.37 to $217.03. 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 $218.35 to $219.02. 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.