Key facts
- This page summarizes Jonathan Burrell's Form 4 filing for GARMIN LTD (GRMN).
- 3 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 11 Sep 2024, 16:28.
Jonathan Burrell - 10 Sep 2024 Form 4 Insider Report for GARMIN LTD (GRMN)
- Reporting relationship
- Director
- Issuer ticker
- GRMN
- Reported as of
- 10 Sep 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 11 Sep 2024, 16:28:20 UTC
- Prior SEC filing
- 19 Aug 2024
- Next SEC filing
- 16 Sep 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 11 Sep 2024.
Change
- Previous filing in this sequence was filed on 19 Aug 2024.
- Current net transaction value: $0.
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
Other
- Transaction value
- $2,733,375
- Shares
- -15,000
- Change %
- -5.5%
- Price
- $182.22
- Shares after
- 255,600
- Date
- 10 Sep 2024
- Ownership
- By GRATs
- Footnotes
- F2, F3
GRMN
transaction
Registered Shares
Other
- Transaction value
- $2,733,375
- Shares
- +15,000
- Change %
- Price
- $182.22
- Shares after
- 15,000
- Date
- 10 Sep 2024
- Ownership
- By trust
- Footnotes
- F2
GRMN
transaction
Registered Shares
Gift
- Transaction value
- $0
- Shares
- -10,000
- Change %
- -67%
- Price
- $0.000000
- Shares after
- 5,000
- Date
- 11 Sep 2024
- Ownership
- By trust
GRMN
holding
Registered Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 8,766
- Date
- 10 Sep 2024
- Ownership
- Direct
- Footnotes
- F1
GRMN
holding
Registered Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 6,239,247
- Date
- 10 Sep 2024
- Ownership
- By GRATs
- Footnotes
- F4
GRMN
holding
Registered Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 9,223,049
- Date
- 10 Sep 2024
- Ownership
- By CLATs
- Footnotes
- F5
GRMN
holding
Registered Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 394,478
- Date
- 10 Sep 2024
- Ownership
- By LLCs
- Footnotes
- F6
GRMN
holding
Registered Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 798,350
- Date
- 10 Sep 2024
- Ownership
- By trust
- Footnotes
- F7
GRMN
holding
Registered Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 910,350
- Date
- 10 Sep 2024
- Ownership
- By trust
- Footnotes
- F8
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 8 footnotes
Footnote 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.
Footnote F2
On September 10, 2024, the reporting person's revocable trust (Revocable Trust) withdrew 16,500 Registered Shares from a grantor annuity trust (GRAT). The reporting person has sole voting and dispositive power over each of the Revocable Trust and the GRAT. In exchange for the Registered Shares, the Revocable Trust contributed to the GRAT assets of equal value. This transfer of Registered Shares from the GRAT to the Revocable Trust resulted in a decrease in the number of Registered Shares the reporting person beneficially owns indirectly through the GRAT and a corresponding increase in the number of Registered Shares the reporting person beneficially owns indirectly through the Revocable Trust. The reporting person believes that this transfer of Registered Shares from the GRAT to the Revocable Trust constitutes a change in form of beneficial ownership of the shares, exempted by Rule 16a-13 under the Securities Exchange Act of 1934, as amended.
Footnote F3
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 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.
Footnote F5
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 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.
Footnote F7
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 F8
The reporting person is a co-trustee of a GRAT remainder trust established for his benefit.