ETKIND ANDREW R 4
4 · GARMIN LTD · Filed Dec 17, 2020
Insider Transaction Report
Form 4
GARMIN LTDGRMN
ETKIND ANDREW R
VP, General Counsel, Secretary
Transactions
- Tax Payment
Registered Shares
2020-12-15$119.19/sh−1,315$156,735→ 57,410 total - Award
Registered Shares
2020-12-15+2,406→ 59,816 total
Footnotes (4)
- [F1]On December 15, 2020, 3,638 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 3,638 shares, 1,315 shares were withheld to pay the resulting tax liability.
- [F2]Includes 8,016 unvested shares acquired pursuant to previously granted restricted stock unit awards and 41 shares acquired by the reporting person in June 2020 under the Garmin Ltd. Employee Stock Purchase Plan.
- [F3]On December 15, 2020 the reporting person received a grant of 2,406 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2021.
- [F4]Includes 10,422 unvested shares acquired pursuant to the December 15, 2020 restricted stock unit award and previously granted restricted stock unit awards.