TILDEN REBECCA R 4
4 · GARMIN LTD · Filed Jun 11, 2018
Insider Transaction Report
Form 4
GARMIN LTDGRMN
TILDEN REBECCA R
Director
Transactions
- Tax Payment
Registered Shares
2018-06-10$61.85/sh−271$16,761→ 7,688 total - Award
Registered Shares
2018-06-08+2,594→ 8,177 total - Tax Payment
Registered Shares
2018-06-09$61.85/sh−218$13,483→ 7,959 total
Footnotes (6)
- [F1]Shares were acquired pursuant to a grant of restricted stock units under the Garmin Ltd. 2011 Non-Employee Directors' Equity Incentive Plan. The award vests in three equal annual installments beginning on June 8, 2019.
- [F2]Includes (a) the 2,594 unvested shares that were acquired pursuant to the grant of the restricted stock unit award described in Footnote 1 and (b) a total of 4,772 additional unvested shares that were acquired pursuant to previously granted restricted stock unit awards.
- [F3]On June 9, 2018, 870 shares that were acquired pursuant to an award of restricted stock units on June 9, 2017 vested and were released to the reporting person. Of these 870 shares, 218 were withheld to pay a resulting tax liability.
- [F4]Includes 6,496 unvested shares as of this date that were acquired pursuant to previously granted restricted stock unit awards.
- [F5]On June 10, 2018, 1,082 shares that were acquired pursuant to an award of restricted stock units on June 10, 2016 vested and were released to the reporting person. Of these 1,082 shares, 271 were withheld to pay a resulting tax liability.
- [F6]Includes 5,414 unvested shares as of this date that were acquired pursuant to previously granted restricted stock unit awards.