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GARMIN LTD — Director's Dealing 2025
Feb 28, 2025
30027_dirs_2025-02-27_b10d3b5f-9d8d-4f37-8b09-8c8001e08c94.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: 2025-02-25
Reporting Person: Desbois Patrick (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-02-25 | Registered Shares | F | 3856 | $226.04 | Disposed | 69959 | Direct |
| 2025-02-26 | Registered Shares | S | 297 | $225.0901 | Disposed | 69662 | Direct |
| 2025-02-26 | Registered Shares | S | 1904 | $226.3578 | Disposed | 67758 | Direct |
| 2025-02-26 | Registered Shares | S | 4407 | $227.5492 | Disposed | 63351 | Direct |
| 2025-02-26 | Registered Shares | S | 303 | $228.2746 | Disposed | 63048 | Direct |
Footnotes
F1: 8,974 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, 3,856 shares were withheld to pay a resulting tax liability.
F2: Includes 25,595 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 November 27, 2024.
F4: This transaction was executed in multiple trades at prices ranging from $225.00 to $225.81. 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 $226.04 to $226.79. 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.
F6: This transaction was executed in multiple trades at prices ranging from $227.08 to $227.985. 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 $228.19 to $228.34. 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.