Bartel Danny J 4
4 · GARMIN LTD · Filed Feb 23, 2024
Insider Transaction Report
Form 4
GARMIN LTDGRMN
Bartel Danny J
Vice President-Worldwide Sales
Transactions
- Award
Registered Shares
2024-02-21+5,547→ 107,309 total
Holdings
- 115,608(indirect: By 401(k))
Registered Shares
Footnotes (3)
- [F1]Shares acquired pursuant to a restricted stock units award granted in February 2023 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, 2024.
- [F2]Includes (i) the 5,547 unvested shares acquired pursuant to the restricted stock units award described in Footnote 1, and (ii) 7,154 unvested shares acquired pursuant to other previously granted restricted stock units awards.
- [F3]Includes 113,427 shares held in the Garmin International, Inc. Retirement Plan that were previously reported as directly held.