Jonathan Burrell - 07 Jun 2023 Form 4 Insider Report for GARMIN LTD (GRMN)

Role: Director
Signature: /s/Jonathan Burrell
Issuer symbol: GRMN
Transactions as of: 07 Jun 2023
Net transactions value: $0
Form type: 4
Filing time: 07 Jun 2023, 14:46:19 UTC
Previous filing: 05 Jun 2023
Next filing: 08 Jun 2023
SEC: View on sec.gov

Quoteable Key Fact

"Jonathan Burrell filed Form 4 for GARMIN LTD (GRMN) on 07 Jun 2023."

Quick Takeaways

This page summarizes Jonathan Burrell's Form 4 filing for GARMIN LTD (GRMN).
2 reported transactions and 0 derivative rows are listed below.
Filing timestamp: 07 Jun 2023, 14:46.

What Changed

Previous filing in this sequence was filed on 05 Jun 2023.
Current net transaction value: $0.

Why This Matters

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.

Source Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

GRMN transaction

Registered Shares

Gift

Transaction value: $0
Shares: +1,254,000
Change %: +105%
Price: $0.000000
Shares after: 2,449,600
Date: 07 Jun 2023
Ownership: By trust
Footnotes: F2

GRMN transaction

Registered Shares

Gift

Transaction value: $0
Shares: -1,254,000
Change %: -18%
Price: $0.000000
Shares after: 5,597,547
Date: 07 Jun 2023
Ownership: By GRATs
Footnotes: F4

GRMN holding

Registered Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 6,927
Date: 07 Jun 2023
Ownership: Direct
Footnotes: F1

GRMN holding

Registered Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 30,000
Date: 07 Jun 2023
Ownership: By trust

GRMN holding

Registered Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 9,355,549
Date: 07 Jun 2023
Ownership: By CLATs
Footnotes: F3

GRMN holding

Registered Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 773,834
Date: 07 Jun 2023
Ownership: By trust
Footnotes: F5

GRMN holding

Registered Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 394,478
Date: 07 Jun 2023
Ownership: By LLCs
Footnotes: F6

GRMN holding

Registered Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 300,000
Date: 07 Jun 2023
Ownership: By GRATs
Footnotes: F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Consists of (a) 5,425 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 10, 2022 that vest as to 1,502 shares on June 10, 2023.
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.
F7	The reporting person is a co-trustee of multiple grantor retained annuity trusts (GRATs) established by him, and his children hold the remainder interests therein. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.