Key facts
- This page summarizes Jonathan Burrell's Form 4 filing for GARMIN LTD (GRMN).
- 2 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 08 Mar 2024, 16:05.
Jonathan Burrell - 07 Mar 2024 Form 4 Insider Report for GARMIN LTD (GRMN)
- Reporting relationship
- Director
- Issuer ticker
- GRMN
- Reported as of
- 07 Mar 2024
- Net transaction value
- -$4,224,744
- SEC form
- 4
- Accepted by SEC
- 08 Mar 2024, 16:05:41 UTC
- Prior SEC filing
- 06 Mar 2024
- Next SEC filing
- 13 Mar 2024
- 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 08 Mar 2024.
Change
- Previous filing in this sequence was filed on 06 Mar 2024.
- Current net transaction value: -$4,224,744.
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
- $2,101,562
- Shares
- -15,000
- Change %
- -2.1%
- Price
- $140.10
- Shares after
- 713,834
- Date
- 07 Mar 2024
- Ownership
- By trust
- Footnotes
- F7, F8
GRMN
transaction
Registered Shares
Sale
- Transaction value
- $2,123,182
- Shares
- -15,000
- Change %
- -2.1%
- Price
- $141.55
- Shares after
- 698,834
- Date
- 08 Mar 2024
- Ownership
- By trust
- Footnotes
- F7, F9
GRMN
holding
Registered Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 8,052
- Date
- 07 Mar 2024
- Ownership
- Direct
- Footnotes
- F1
GRMN
holding
Registered Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 233,400
- Date
- 07 Mar 2024
- Ownership
- By GRATs
- Footnotes
- F2
GRMN
holding
Registered Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 96,600
- Date
- 07 Mar 2024
- Ownership
- By trust
GRMN
holding
Registered Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 7,865,347
- Date
- 07 Mar 2024
- Ownership
- By GRATs
- Footnotes
- F3
GRMN
holding
Registered Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 9,223,049
- Date
- 07 Mar 2024
- Ownership
- By CLATs
- Footnotes
- F4
GRMN
holding
Registered Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 394,478
- Date
- 07 Mar 2024
- Ownership
- By LLCs
- Footnotes
- F5
GRMN
holding
Registered Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 31,800
- Date
- 07 Mar 2024
- Ownership
- By trust
- Footnotes
- F6
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Rule 10b5-1 trading plan
These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.
Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).
Explanation of responses 9 footnotes
Footnote 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.
Footnote 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.
Footnote 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.
Footnote 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.
Footnote F5
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.
Footnote F6
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 F7
The reporting person is a co-trustee of a GRAT remainder trust established for his benefit. The reported sales of 30,000 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted on December 1, 2023.
Footnote F8
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $140.00 to $140.505, inclusive. The reporting person undertakes to provide to Garmin Ltd., any security holder of Garmin Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.
Footnote F9
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $141.06 to $141.87, inclusive. The reporting person undertakes to provide to Garmin Ltd., any security holder of Garmin Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.
SEC remarks
Rule 10b5-1 trading plan adopted on December 1, 2023