Jonathan Burrell - Jun 2, 2022 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
Director, 10%+ Owner
Signature
/s/ Jonathan Burrell
Stock symbol
GRMN
Transactions as of
Jun 2, 2022
Transactions value $
$0
Form type
4
Date filed
6/2/2022, 05:51 PM
Previous filing
Jun 1, 2022
Next filing
Jun 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Gift $0 +2.8M +909.84% $0.00 3.11M Jun 2, 2022 By trust F2
transaction GRMN Registered Shares Gift $0 -3.8M -38.5% $0.00 6.07M Jun 2, 2022 By GRATs F4
transaction GRMN Registered Shares Gift $0 +333K +54.1% $0.00 950K Jun 2, 2022 By trust F5
holding GRMN Registered Shares 5.69K Jun 2, 2022 Direct F1
holding GRMN Registered Shares 30K Jun 2, 2022 By trust
holding GRMN Registered Shares 8.87M Jun 2, 2022 By CLATs F3
holding GRMN Registered Shares 368K Jun 2, 2022 By LLCs F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of (a) 4,642 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 the RSUs granted on June 4, 2021 that vest as to 1,045 shares on June 4, 2022.
F2 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.
F3 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.
F4 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.
F5 The reporting person is a co-trustee of a GRAT remainder trust established for his benefit.
F6 The reporting person is the manager of several limited liability companies that are wholly-owned by a GRAT remainder trust established for the reporting person's benefit.