JONATHAN BURRELL - 14 Mar 2025 Form 4 Insider Report for GARMIN LTD (GRMN)

Role
Director
Signature
/s/Jonathan Burrell
Issuer symbol
GRMN
Transactions as of
14 Mar 2025
Transactions value $
$0
Form type
4
Filing time
17 Mar 2025, 18:03:19 UTC
Previous filing
14 Mar 2025
Next filing
07 May 2025
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 -11,200 -3.61% $0.000000 299,400 14 Mar 2025 By GRATs F2
transaction GRMN Registered Shares Gift $0 -7,010,523 -95.3% $0.000000 348,006 14 Mar 2025 By CLATs F4
transaction GRMN Registered Shares Gift $0 +158,300 +17.9% $0.000000 1,044,833 14 Mar 2025 By trust F6
transaction GRMN Registered Shares Gift $0 -504,000 -95.3% $0.000000 25,000 14 Mar 2025 By trust F7
transaction GRMN Registered Shares Gift $0 +2,348,041 $0.000000 2,348,041 14 Mar 2025 By trust
transaction GRMN Registered Shares Gift $0 +504,000 +8.16% $0.000000 6,684,050 14 Mar 2025 By GRATs F3
transaction GRMN Registered Shares Gift $0 -481,500 -7.2% $0.000000 6,202,550 14 Mar 2025 By GRATs F3
transaction GRMN Registered Shares Gift $0 +6,600 +26.4% $0.000000 31,600 14 Mar 2025 By trust F7
transaction GRMN Registered Shares Gift $0 -224,400 -3.62% $0.000000 5,978,150 17 Mar 2025 By GRATs F3
transaction GRMN Registered Shares Gift $0 +224,400 +710% $0.000000 256,000 17 Mar 2025 By trust F7
holding GRMN Registered Shares 8,766 14 Mar 2025 Direct F1
holding GRMN Registered Shares 394,478 14 Mar 2025 By LLCs F5
* 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 a GRAT remainder trust established for his benefit.
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.