CLIFTON A. PEMBLE - 19 Feb 2025 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
President and CEO, Director
Signature
/s/ Paul E. Cassat, as attorney-in-fact for Clifton A. Pemble
Issuer symbol
GRMN
Transactions as of
19 Feb 2025
Net transactions value
$0
Form type
4
Filing time
21 Feb 2025, 18:30:06 UTC
Previous filing
17 Dec 2024
Next filing
27 Feb 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 +39,009 +30% $0.000000 167,571 19 Feb 2025 Direct F1, F2
holding GRMN Registered Shares 255 19 Feb 2025 By Child
* 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 100,312 unvested shares acquired pursuant to the restricted stock units award described in Footnote 1 and other previously granted restricted stock unit awards and (ii) 51 shares acquired in December 2024 under the Garmin Ltd. Employee Stock Purchase Plan.