Jonathan Burrell - 07 Jun 2024 Form 4 Insider Report for GARMIN LTD (GRMN)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
10 Jun 2024, 16:47:08 UTC
Prior SEC filing
05 Jun 2024
Next SEC filing
14 Jun 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/Jonathan Burrell

Key filing fact

Jonathan Burrell filed Form 4 for GARMIN LTD (GRMN) on 10 Jun 2024.

Key facts

  • This page summarizes Jonathan Burrell's Form 4 filing for GARMIN LTD (GRMN).
  • 6 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 10 Jun 2024, 16:47.

Change

  • Previous filing in this sequence was filed on 05 Jun 2024.
  • Current net transaction value: -$61,386.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

GRMN transaction

Registered Shares

Award

Transaction value
$0
Shares
+1,090
Change %
+14%
Price
$0.000000
Shares after
9,142
Date
07 Jun 2024
Ownership
Direct
Footnotes
F1, F2
GRMN transaction

Registered Shares

Tax liability

Transaction value
$61,386
Shares
-376
Change %
-4.1%
Price
$163.26
Shares after
8,766
Date
09 Jun 2024
Ownership
Direct
Footnotes
F3, F4
GRMN transaction

Registered Shares

Gift

Transaction value
$0
Shares
-108,000
Change %
-35%
Price
$0.000000
Shares after
198,400
Date
10 Jun 2024
Ownership
By GRATs
Footnotes
F5
GRMN transaction

Registered Shares

Gift

Transaction value
$0
Shares
+108,000
Change %
+458%
Price
$0.000000
Shares after
131,600
Date
10 Jun 2024
Ownership
By trust
GRMN transaction

Registered Shares

Gift

Transaction value
$0
Shares
-718,600
Change %
-12%
Price
$0.000000
Shares after
5,453,197
Date
10 Jun 2024
Ownership
By GRATs
Footnotes
F6
GRMN transaction

Registered Shares

Gift

Transaction value
$0
Shares
+718,600
Change %
+43%
Price
$0.000000
Shares after
2,398,350
Date
10 Jun 2024
Ownership
By trust
Footnotes
F9
GRMN holding

Registered Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
9,223,049
Date
07 Jun 2024
Ownership
By CLATs
Footnotes
F7
GRMN holding

Registered Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
394,478
Date
07 Jun 2024
Ownership
By LLCs
Footnotes
F8
GRMN holding

Registered Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
639,034
Date
07 Jun 2024
Ownership
By trust
Footnotes
F10
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 10 footnotes

Footnote F1

Shares acquired pursuant to a grant of restricted stock units under the Garmin Ltd. Non-Employee Directors' Equity Incentive Plan. The award vests on June 7, 2025.

Footnote F2

Includes the 1,090 unvested shares acquired pursuant to the grant of the restricted stock unit award described in Footnote 1 and 1,501 unvested shares acquired pursuant to a previously granted restricted stock unit award.

Footnote F3

1,501 shares that were acquired pursuant to an award of restricted stock units on June 9, 2023 vested and were released to the reporting person. Of these 1,501 shares, 376 shares were withheld to pay a resulting tax liability.

Footnote F4

Includes the 1,090 unvested shares acquired pursuant to the grant of the restricted stock unit award described in Footnote 1.

Footnote F5

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 F6

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 F7

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 F8

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 F9

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 F10

The reporting person is a co-trustee of a GRAT remainder trust established for his benefit.

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