| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | GRMN | Registered Shares | Tax liability | $30,933 | -217 | -3.7% | $142.55 | 5,687 | 08 Jun 2021 | Direct | F1, F2 |
| holding | GRMN | Registered Shares | 30,000 | 08 Jun 2021 | By trust | ||||||
| holding | GRMN | Registered Shares | 1,608,151 | 08 Jun 2021 | By trust | F3 | |||||
| holding | GRMN | Registered Shares | 8,948,049 | 08 Jun 2021 | By CLATs | F4 | |||||
| holding | GRMN | Registered Shares | 9,985,420 | 08 Jun 2021 | By GRATs | F5 | |||||
| holding | GRMN | Registered Shares | 469,358 | 08 Jun 2021 | By trust | F6 | |||||
| holding | GRMN | Registered Shares | 43,478 | 08 Jun 2021 | By LLC | F7 |
| Id | Content |
|---|---|
| F1 | Consists of Registered Shares withheld to pay taxes resulting from the June 8, 2021 vesting and settlement of RSUs awarded to the reporting person with respect to 865 Registered Shares. |
| F2 | Consists of (a) 4,642 Registered Shares, and (b) unvested RSUs awarded to the reporting person under the Garmin Ltd. Non-Employee Directors' Equity Incentive Plan that can be settled only in Registered Shares, which RSUs consist of the RSUs granted on June 4, 2021 that vest as to 1,045 shares on June 4, 2022. |
| F3 | The reporting person is a co-trustee of his mother's revocable trust and is his mother's attorney-in-fact, and also holds a remainder interest in the securities held in such trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. |
| F4 | The reporting person is a co-trustee of several charitable lead annuity trusts (CLATs) and holds a remainder interest therein. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. |
| F5 | The reporting person is a co-trustee of several grantor retained annuity trusts (GRATs) established by his mother, and he holds a remainder interest therein. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. |
| F6 | The reporting person is a co-trustee of a GRAT remainder trust established for his benefit. |
| F7 | The reporting person is the manager of a limited liability company, which is wholly-owned by a GRAT remainder trust established for the reporting person's benefit. |