Philip Straub - 25 Feb 2022 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
EVP, Man. Director - Aviation
Signature
/s/ Paul E. Cassat, Attorney-in-Fact
Issuer symbol
GRMN
Transactions as of
25 Feb 2022
Transactions value $
-$355,619
Form type
4
Date filed
01 Mar 2022, 20:06
Previous filing
18 Feb 2022
Next filing
08 Nov 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Tax liability -$356K -3.18K -3.91% $111.83 78.1K 25 Feb 2022 Direct F1, F2
holding GRMN Registered Shares 199 25 Feb 2022 By Spouse's Family Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 8,660 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, 3,180 shares were withheld to pay a resulting tax liability.
F2 Includes 17,734 unvested shares acquired pursuant to previously granted restricted stock unit awards.
F3 The reporting person's spouse is a co-trustee of the trust. The reporting person's spouse and children are also beneficiaries of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.