JONATHAN BURRELL - 04 Jun 2022 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
Director, 10%+ Owner
Signature
/s/ Jonathan C. Burrell
Issuer symbol
GRMN
Transactions as of
04 Jun 2022
Transactions value $
$-27,460
Form type
4
Filing time
07 Jun 2022, 16:56:55 UTC
Previous filing
06 Jun 2022
Next filing
13 Jun 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 Tax liability $-27,460 -262 -4.61% $104.81 5,425 04 Jun 2022 Direct F1
transaction GRMN Registered Shares Gift $0 +300,000 +1000% $0.000000 330,000 06 Jun 2022 By trust
transaction GRMN Registered Shares Gift $0 -2,800,000 -99.2% $0.000000 22,747 06 Jun 2022 By trust F2
transaction GRMN Registered Shares Gift $0 +2,800,000 +46.1% $0.000000 8,870,400 06 Jun 2022 By GRATs F4
transaction GRMN Registered Shares Gift $0 -300,000 -28.7% $0.000000 744,500 06 Jun 2022 By trust F5
holding GRMN Registered Shares 8,872,799 04 Jun 2022 By CLATs F3
holding GRMN Registered Shares 368,478 04 Jun 2022 By LLCs F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of Registered Shares withheld to pay taxes resulting from the June 4, 2022 vesting and settlement of RSUs awarded to the reporting person with respect to 1,045 Registered Shares.
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 several limited liability companies that are wholly-owned by a GRAT remainder trust established for the reporting person's benefit.