Key facts
- This page summarizes Jonathan Burrell's Form 4 filing for GARMIN LTD (GRMN).
- 4 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 02 Jun 2021, 10:55.
Jonathan Burrell - 01 Jun 2021 Form 4 Insider Report for GARMIN LTD (GRMN)
- Reporting relationship
- Director, 10%+ Owner
- Issuer ticker
- GRMN
- Reported as of
- 01 Jun 2021
- Net transaction value
- -$21,419,388
- SEC form
- 4
- Accepted by SEC
- 02 Jun 2021, 10:55:11 UTC
- Prior SEC filing
- 01 Jun 2021
- Next SEC filing
- 03 Jun 2021
- Source filing
- View source filing
- Reporting owner signature
- /s/ Jonathan Burrell
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Jonathan Burrell filed Form 4 for GARMIN LTD (GRMN) on 02 Jun 2021.
Change
- Previous filing in this sequence was filed on 01 Jun 2021.
- Current net transaction value: -$21,419,388.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
GRMN
transaction
Registered Shares
Sale
- Transaction value
- $56,780
- Shares
- -400
- Change %
- -0.02%
- Price
- $141.95
- Shares after
- 1,973,514
- Date
- 01 Jun 2021
- Ownership
- By trust
- Footnotes
- F1, F2, F7
GRMN
transaction
Registered Shares
Sale
- Transaction value
- $15,072,699
- Shares
- -105,757
- Change %
- -5.4%
- Price
- $142.52
- Shares after
- 1,867,757
- Date
- 01 Jun 2021
- Ownership
- By trust
- Footnotes
- F1, F3, F7
GRMN
transaction
Registered Shares
Sale
- Transaction value
- $4,770,758
- Shares
- -33,300
- Change %
- -1.8%
- Price
- $143.27
- Shares after
- 1,834,457
- Date
- 01 Jun 2021
- Ownership
- By trust
- Footnotes
- F1, F4, F7
GRMN
transaction
Registered Shares
Sale
- Transaction value
- $1,519,151
- Shares
- -10,543
- Change %
- -0.57%
- Price
- $144.09
- Shares after
- 1,823,914
- Date
- 01 Jun 2021
- Ownership
- By trust
- Footnotes
- F1, F5, F7
GRMN
holding
Registered Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 5,258
- Date
- 01 Jun 2021
- Ownership
- Direct
- Footnotes
- F6
GRMN
holding
Registered Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 30,000
- Date
- 01 Jun 2021
- Ownership
- By trust
GRMN
holding
Registered Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 8,948,049
- Date
- 01 Jun 2021
- Ownership
- By CLATs
- Footnotes
- F8
GRMN
holding
Registered Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 9,985,420
- Date
- 01 Jun 2021
- Ownership
- By GRATs
- Footnotes
- F9
GRMN
holding
Registered Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 469,358
- Date
- 01 Jun 2021
- Ownership
- By trust
- Footnotes
- F10
GRMN
holding
Registered Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 43,478
- Date
- 01 Jun 2021
- Ownership
- By LLC
- Footnotes
- F11
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 11 footnotes
Footnote F1
The sale of Registered Shares was effected pursuant to a Rule 10b5-1 trading plan adopted by the revocable trust of the reporting person's mother on May 14, 2021.
Footnote F2
The price reported here in Column 4 is a weighted average price, and reflects the sale of Registered Shares in multiple transactions at per share prices ranging from $141.92 to $141.975, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in each of footnotes (2), (3), (4) and (5) of this report on Form 4.
Footnote F3
The price reported here in Column 4 is a weighted average price, and reflects the sale of Registered Shares in multiple transactions at per share prices ranging from $142.005 to $142.995, inclusive.
Footnote F4
The price reported here in Column 4 is a weighted average price, and reflects the sale of Registered Shares in multiple transactions at per share prices ranging from $143.00 to $143.99, inclusive.
Footnote F5
The price reported here in Column 4 is a weighted average price, and reflects the sale of Registered Shares in multiple transactions at per share prices ranging from $144.00 to $144.50, inclusive.
Footnote F6
Consists of (a) 2,799 Registered Shares, and (b) unvested RSUs awarded to the reporting person under the Garmin Ltd. Non-Employee Directors' Equity Incentive Plan that can be settled only in Registered Shares, which RSUs consist of: (i) RSUs granted on June 5, 2020 that vest as to 1,594 shares on June 5, 2021; and (ii) RSUs granted on June 8, 2018 that vest as to 865 shares on June 8, 2021.
Footnote F7
The reporting person is a co-trustee of his mother's revocable trust and is his mother's attorney-in-fact, and also holds a remainder interest in the securities held in such trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
Footnote F8
The reporting person is a co-trustee of several charitable lead annuity trusts (CLATs) and holds a remainder interest therein. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
Footnote F9
The reporting person is a co-trustee of several grantor retained annuity trusts (GRATs) established by his mother, and he holds a remainder interest therein. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
Footnote F10
The reporting person is a co-trustee of a GRAT remainder trust established for his benefit.
Footnote F11
The reporting person is the manager of a limited liability company, which is wholly-owned by a GRAT remainder trust established for the reporting person's benefit.