Jonathan Burrell - Dec 28, 2023 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
Director
Signature
/s/Jonathan Burrell
Stock symbol
GRMN
Transactions as of
Dec 28, 2023
Transactions value $
$0
Form type
4
Date filed
12/29/2023, 05:49 PM
Previous filing
Dec 1, 2023
Next filing
Feb 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Gift $0 -133K -1.42% $0.00 9.22M Dec 28, 2023 By CLATs F4
holding GRMN Registered Shares 8.05K Dec 28, 2023 Direct F1
holding GRMN Registered Shares 233K Dec 28, 2023 By GRATs F2
holding GRMN Registered Shares 96.6K Dec 28, 2023 By trust
holding GRMN Registered Shares 8.05M Dec 28, 2023 By GRATs F3
holding GRMN Registered Shares 774K Dec 28, 2023 By trust F5
holding GRMN Registered Shares 394K Dec 28, 2023 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) 6,551 Registered Shares, and (b) unvested restricted stock units (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 vest as to 1,501 shares on June 9, 2024.
F2 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.
F3 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.
F4 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.
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.