Jonathan Burrell - Aug 14, 2024 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
Director
Signature
/s/Jonathan Burrell
Stock symbol
GRMN
Transactions as of
Aug 14, 2024
Transactions value $
$0
Form type
4
Date filed
8/14/2024, 11:54 AM
Previous filing
Jun 14, 2024
Next filing
Aug 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Gift $0 +132K +94.68% $0.00 271K Aug 14, 2024 By GRATs F2
transaction GRMN Registered Shares Gift $0 -132K -100% $0.00* 0 Aug 14, 2024 By trust
holding GRMN Registered Shares 8.77K Aug 14, 2024 Direct F1
holding GRMN Registered Shares 5.44M Aug 14, 2024 By GRATs F3
holding GRMN Registered Shares 9.22M Aug 14, 2024 By CLATs F4
holding GRMN Registered Shares 394K Aug 14, 2024 By LLCs F5
holding GRMN Registered Shares 1.6M Aug 14, 2024 By trust F6
holding GRMN Registered Shares 910K Aug 14, 2024 By trust F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of (a) 7,676 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 1,090 shares on June 7, 2025.
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 the manager of several limited liability companies that are wholly-owned by a GRAT remainder trust established for the reporting person's benefit.
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.
F7 The reporting person is a co-trustee of a GRAT remainder trust established for his benefit.