JONATHAN BURRELL - 30 Dec 2021 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
Director, 10%+ Owner
Signature
/s/ Jonathan Burrell
Issuer symbol
GRMN
Transactions as of
30 Dec 2021
Net transactions value
$0
Form type
4
Filing time
04 Jan 2022, 10:25:29 UTC
Previous filing
13 Dec 2021
Next filing
02 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRMN Registered Shares Gift $0 -75,250 -0.84% $0.000000 8,872,799 30 Dec 2021 By CLATs F3
holding GRMN Registered Shares 5,687 30 Dec 2021 Direct F1
holding GRMN Registered Shares 30,000 30 Dec 2021 By trust
holding GRMN Registered Shares 91,151 30 Dec 2021 By trust F2
holding GRMN Registered Shares 10,611,000 30 Dec 2021 By GRATs F4
holding GRMN Registered Shares 766,498 30 Dec 2021 By trust F5
holding GRMN Registered Shares 43,478 30 Dec 2021 By LLC F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of (a) 4,642 Registered Shares, and (b) unvested 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 consist of the RSUs granted on June 4, 2021 that vest as to 1,045 shares on June 4, 2022.
F2 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.
F3 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.
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.
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 a limited liability company, which is wholly-owned by a GRAT remainder trust established for the reporting person's benefit.