Bartel Danny J 4
4 · GARMIN LTD · Filed Dec 17, 2020
Insider Transaction Report
Form 4
GARMIN LTDGRMN
Bartel Danny J
Vice President-Worldwide Sales
Transactions
- Tax Payment
Registered Shares
2020-12-15$119.19/sh−978$116,568→ 184,444 total - Award
Registered Shares
2020-12-15+2,406→ 186,850 total
Holdings
- 1,400(indirect: By Spouse)
Registered Shares
Footnotes (4)
- [F1]On December 15, 2020, 3,327 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 3,327 shares, 978 shares were withheld to pay the resulting tax liability.
- [F2]Includes 7,372 unvested shares acquired pursuant to previously granted restricted stock unit awards and 254 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 9,778 unvested shares acquired pursuant to the December 15, 2020 restricted stock unit award and previously granted restricted stock unit awards.