LEWIS CATHERINE A. 4
4 · GARMIN LTD · Filed Jun 9, 2020
Insider Transaction Report
Form 4
GARMIN LTDGRMN
LEWIS CATHERINE A.
Director
Transactions
- Award
Registered Shares
2020-06-05+1,594→ 3,598 total - Tax Payment
Registered Shares
2020-06-07$96.53/sh−501$48,362→ 3,097 total
Footnotes (4)
- [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 on June 5, 2021.
- [F2]Includes (a) the 1,594 unvested shares acquired pursuant to the grant of the restricted stock unit award described in Footnote 1 and (b) a total of 2,004 additional unvested shares that were acquired pursuant to a previously granted restricted stock unit award.
- [F3]On June 7, 2020, 2,004 shares that were acquired pursuant to an award of restricted stock units on June 7, 2019 vested and were released to the reporting person. Of these 2,004 shares, 501 were withheld to pay a resulting tax liability.
- [F4]Includes 1,594 unvested shares as of this date that were acquired pursuant to a previously granted restricted stock unit award.