ETKIND ANDREW R 4
4 · GARMIN LTD · Filed Feb 27, 2020
Insider Transaction Report
Form 4
GARMIN LTDGRMN
ETKIND ANDREW R
VP, General Counsel, Secretary
Transactions
- Award
Registered Shares
2020-02-25+4,404→ 60,480 total - Tax Payment
Registered Shares
2020-02-25$92.00/sh−1,796$165,232→ 58,684 total
Footnotes (4)
- [F1]Shares acquired pursuant to a restricted stock units award granted in February 2019 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, 2020.
- [F2]Includes 12,069 unvested shares acquired pursuant to previously granted restricted stock units awards, (ii) the 4,404 unvested shares acquired pursuant to the restricted stock units award described in Footnote 1 and (iii) 46 shares acquired in December 2019 under the Garmin Ltd. Employee Stock Purchase Plan.
- [F3]1,468 shares that were acquired by the reporting person pursuant to the restricted stock units award described in Footnote 1 and 3,351 shares that were acquired by the reporting person pursuant to other previously granted restricted stock unit awards vested and were paid to the reporting person. Of these shares, 1,796 shares were withheld to pay a resulting tax liability.
- [F4]Includes 8,718 unvested shares acquired pursuant to previously granted restricted stock unit awards and 2,936 remaining unvested shares acquired pursuant to the restricted stock units award described in Footnote 1.