GARMIN LTD — Director's Dealing 2024

Feb 27, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2024-02-25

Reporting Person: PEMBLE CLIFTON A (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-02-25	Registered Shares	F	8327	$135.51	Disposed	160941	Direct
2024-02-26	Registered Shares	S	849	$133.7405	Disposed	160092	Direct
2024-02-26	Registered Shares	S	773	$134.6821	Disposed	159319	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Registered Shares	255	Indirect

Footnotes

F1: 18,773 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, 8,327 shares were withheld to pay a resulting tax liability.

F2: Includes 65,746 unvested shares acquired pursuant to previously granted restricted stock unit awards.

F3: Pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 14, 2023.

F4: This transaction was executed in multiple trades at prices ranging from $133.38 to $134.335. 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.

F5: This transaction was executed in multiple trades at prices ranging from $134.4 to $134.94. 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.