Form 4 for GRMN Garmin
Accepted 2022-12-19 00:00:00 ET · period of report 2022-12-15 · accession 0001127602-22-027821 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022-12-19 | 2022-12-15 | GRMN | PEMBLE CLIFTON A | Pres, CEO, Dir | F - Tax | $92.72 | -5,483 | 120.2K | -4% | -$508.4K | |
| 2022-12-19 | 2022-12-15 | GRMN | PEMBLE CLIFTON A | Pres, CEO, Dir | A - Grant | $0.00 | +20.1K | 140.2K | +17% | $0 | |
| M | 2022-12-19 | 2022-12-16 | GRMN | PEMBLE CLIFTON A | Pres, CEO, Dir | S - Sale | $91.30 | -6,875 | 133.4K | -5% | -$627.7K |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Registered Shares | 2022-12-15 | F | D | 5,483 | $92.72 | 120,181 | D | — | — | (F1) On December 15, 2022, 12,358 shares that were acquired pursuant to previously granted restricted stock unit awards vested and were released to the reporting person. Of those 12,358 shares, 5,483 shares were withheld to pay the resulting tax liability. (F2) Includes 30,982 unvested shares acquired pursuant to previously granted restricted stock unit awards. |
| 2 | Common | Registered Shares | 2022-12-15 | A | A | 20,052 | $0.00 | 140,233 | D | — | — | (F3) On December 15, 2022 the reporting person received a grant of 20,052 restricted stock units, which vest in three equal annual installments, beginning on December 15, 2023. (F4) Includes 51,034 unvested shares acquired pursuant to the December 15, 2022 restricted stock unit award and previously granted restricted stock unit awards. |
| 3 | Common | Registered Shares | 2022-12-16 | S | D | 6,733 | $91.29 | 133,500 | D | — | — | (F5) Pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 4, 2022 (F6) This transaction was executed in multiple trades at prices ranging from $90.94 to $91.93. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Garmin Ltd. or a security holder of Garmin Ltd. full information regarding the number of shares sold at each separate price within the range. (F4) Includes 51,034 unvested shares acquired pursuant to the December 15, 2022 restricted stock unit award and previously granted restricted stock unit awards. |
| 4 | Common | Registered Shares | 2022-12-16 | S | D | 142 | $91.96 | 133,358 | D | — | — | (F5) Pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 4, 2022 (F4) Includes 51,034 unvested shares acquired pursuant to the December 15, 2022 restricted stock unit award and previously granted restricted stock unit awards. |