ANDREW R. ETKIND - 25 Feb 2023 Form 4 Insider Report for GARMIN LTD (GRMN)

Signature
/s/ Paul E. Cassat, Attorney-in-Fact
Issuer symbol
GRMN
Transactions as of
25 Feb 2023
Transactions value $
-$125,234
Form type
4
Filing time
28 Feb 2023, 16:38:55 UTC
Previous filing
19 Dec 2022
Next filing
19 Dec 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Tax liability -$125K -1.27K -1.8% $98.30 69.6K 25 Feb 2023 Direct F1, F2
transaction GRMN Registered Shares Gift $0 -340 -0.49% $0.00 69.2K 28 Feb 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 3,508 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, 1,274 shares were withheld to pay a resulting tax liability.
F2 Includes (i) 7,921 unvested shares acquired pursuant to previously granted restricted stock unit awards and (ii) 47 shares acquired in December 2022 under the Garmin Ltd. Employee Stock Purchase Plan.
F3 Shares were gifted to members of the reporting person's family.