Wang Cheng-Wei 4
4 · GARMIN LTD · Filed Feb 27, 2020
Insider Transaction Report
Form 4
GARMIN LTDGRMN
Wang Cheng-Wei
General Manager - Garmin Corp.
Transactions
- Award
Registered Shares
2020-02-25+3,774→ 33,763 total
Footnotes (2)
- [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. One-third, or 1,258 shares, were released to the reporting person on February 25, 2020, and the remaining 2,516 unvested shares vest in two equal annual installments.
- [F2]Includes (i) 8,011 unvested shares acquired pursuant to previously granted restricted stock units awards, (ii) the 3,774 unvested shares acquired pursuant to the restricted stock units award described in Footnote 1 and (iii) 97 shares acquired in December 2019 under the Garmin Ltd. Employee Stock Purchase Plan.