Susan Lyman - Feb 19, 2025 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
VP, Global Consumer Marketing
Signature
/s/ Paul E. Cassat, as attorney-in-fact for Susan Lyman
Stock symbol
GRMN
Transactions as of
Feb 19, 2025
Transactions value $
$0
Form type
4
Date filed
2/21/2025, 06:30 PM
Previous filing
Dec 17, 2024
Next filing
Feb 27, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Award $0 +3.7K +44.63% $0.00 12K Feb 19, 2025 Direct F1, F2
holding GRMN Registered Shares 52.1 Feb 19, 2025 By 401(k) Plan
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 (i) 10,005 unvested shares acquired pursuant to the restricted stock units award described in Footnote 1 and other previously granted restricted stock unit awards and (ii) 75 shares acquired in December 2024 under the Garmin Ltd. Employee Stock Purchase Plan.