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GARMIN LTD — Director's Dealing 2025
Feb 22, 2025
30027_dirs_2025-02-21_aaee7ad9-1d07-48d8-95ce-4171363d709e.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: 2025-02-19
Reporting Person: MAXFIELD JOSHUA H (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-02-19 | Registered Shares | A | 3360 | — | Acquired | 14277 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Registered Shares | 521.8 | Indirect |
Footnotes
F1: Shares acquired pursuant to a restricted stock units award granted in February 2024 that had both performance-based and time-based vesting conditions. The performance-based vesting conditions have been satisfied, and now the award is subject only to time-based vesting conditions. The award vests in three equal annual installments beginning on February 25, 2025.
F2: Includes 8,328 unvested shares acquired pursuant to the restricted stock units award described in Footnote 1 and other previously granted restricted stock unit awards and (ii) 69 shares acquired in December 2024 under the Garmin Ltd. Employee Stock Purchase Plan.
F3: Includes 1.8 shares acquired by the reporting person pursuant to a dividend reinvestment plan.